Godrej Industries on a intraday 1 hour chart, price has given a breakout of the Cup and Handel pattern at Rs. 422 level, indicate ongoing rally will take it towards Rs. 448 levels. On daily chart stock price is making higher high higher low pattern with increase in volume, suggest positive outlook for the stock price.
If one were to go by the volume data, a higher upswing is seen on the stock price. Trader or investor can accumulate for the target of Rs.448/460 level, with Rs. 410 stop loss on closing basis.
If one were to go by the volume data, a higher upswing is seen on the stock price. Trader or investor can accumulate for the target of Rs.448/460 level, with Rs. 410 stop loss on closing basis.
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