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target for godrej industries |
raju87
White Belt
Joined: 27 Dec 2009
Posts: 4
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Post: #1  Posted: Wed Nov 10, 2010 11:30 pm Post subject: target for godrej industries |
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Hi Casper,
What would be target for Godrej industries?
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casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
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| Post: #2 Posted: Thu Nov 11, 2010 8:51 am Post subject: |
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hi raju87, as per chart godrej seems to be a symmetrical triangle with a target of 245,257 and 262, but in spite of breaking out, though volume is ok but price has formed doji candles for last two days, at the same time,market is also in correction mode, so we have to be cautious here, and according to me, a closing below 225 will finish the chance of a successful break out, in that case the stock, if not go down, will sart consolidating within 220-230 range for some time
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