Swing Trade - GODREJIND📊 Script: GODREJIND
📊 Sector: Chemicals
📊 Industry: Chemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 64.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 941
🟢 Target 🎯🏆 - 1000
⚠️ Stoploss ☠️🚫 - 908
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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GODREJIND
Godrej IND Swing future Based on VCP strategy with some modifications.
Buy Swing minimum Target 5% , and maybe big candle posible ( according to backtest data)
( Im just reversal trader from last 4year , but I try to move on trend follow. Reason.
In reversal stock consolidation avg 3-6 months avg so my money stuck it.
Trend and movement stock give return or sl in just few days to weeks)
I have backtested around 10 stock avg last 3/5 year data show accuracy 80%.
Still in testing mode .
Godrej Industries looking goodGodrej Industries ltd. is a part of a Godrej group. Godrej is over 125 years old group. Godrej Industries is the holding company of Godrej group. Godrej conglomerate produces products that are related to Chemicals, Financial services, Appliances and a lot of other things. CMP of the stock is 451.30. Negatives of the company are that they have high promoter pledge and Mutual Funds are decreasing stake. Positives of the company are that their net cash flow is increasing and FIIs are increasing their stake in the company. Entry in the stock can be taken after closing above 463. Targets will be 491, 505 and 515. Stop loss in the company should be maintained at closing below 420.
Godrej ind. 75 Min Analysis , Vol Breakout .Trend Is In Consolidating Phase .
*RSI Showing Sellers Are Getting Weak .
Last Price Rejected was Where Highest Vol Traded .
so If breaks Last High Then Become Strong .
If Breaks 282.90 With Bullish Signal Then Go Long . With the Sl Of 173 .
Manage Your Risk Reward According to your Risk Appetite .