Chart Idea – Godrej Industries
The stock has given a breakout on the daily chart from the triangle pattern. Rising Volume also supported the breakout. Relative Strength Index is showing positive momentum in the stock. Oscillator like Average Directional Index (ADX) is showing strength.
Traders and Investors can enter around 590 levels for the upside target of 640 and then to 680 levels in the days to come.
Support and stop-loss remain at 535 levels on a closing basis.
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