POSITIONAL "SHORT" -GODREJIND

The scrip has shown good positive upside move in the last trading session.But, I am giving a "POSITIONAL SHORT" as I am figuring out a HEAD AND SHOULDER pattern on the daily charts. Even though the stock is trading above its 200 DMA but its marginally trading above the same at Rs. 590-Rs. 591/-

So, I am suggesting a "SHORT" for the scrip after it breaks the neckline at Rs. 571- Rs. 570/- and if the down momentum continues we can observe the fall up to the levels of Rs. 545- Rs. 546/-

"BE PATIENT AND TRADE TO EARN HUGE PROFITS"

"STAY CONNECTED"

Thanks,
Siddharth

Trade ativo:

"Stock reaching near the neckline"

Hold your seats and see the stock falling like a knife

ENJOY THE DOWNPOUR