Godrej Agrovet bullish, Kindly do your own studyThis stock is looking bullish. Price has given trendline breakout with good volume. Also there is a inverse H&S pattern breakout. All EMAS positive crossover.
5 Monthly chrat is looking strong. Price is making HL and bullish engulfing candle.
Monthly Price is above 50 EMA
Monthly MACD is PCO stat
Weekly MACD is above zero line and PCO stat
Weekly RSI is above 60
Weekly ADX is strong
GODREJAGRO trade ideas
Godrej agrovet - positional longLooks like a base building formation is happening, Stock is about to outperform nifty bench mark index as well, historical data suggests that always a good momentum of 10-15% comes when stock outperforms nifty.
Buy at CMP, add more above 541. Chart will make a rounding bottom formation above 541, so you can increase further positions there. Review at 578, 610 and 658.
Keep a stop loss below 490 in this trade.
All levels are on daily closing basis.
GODREJAGRONSE:GODREJAGRO
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Godrej Agro - Aaaja meri Gaadhi mein beth jaGodrej Agro - riding the bandwagon of Godrej Group. consolidating in a good range of 475-560 for atleast six months now. I would be bullish once weekly closing above 560. Weekly 5/20 EMA Crossover - Tracking quantity can be bought. SL below 475.
DISC: Not a SEBI Registered. I post charts for my own study.