GODREJIND share short term technical analysis
GODREJIND share long term technical analysis
GODREJIND stock for 2017 remain bullish and buy on dips above 395 rupee support zone. On upside my long term target zones are 500 and 570 in year 2017. In 2016, we saw bottom formation around 365 rupee level which is strong support on long term chart. Below 395, GODREJINDmajor support zones are 365 and 323 rupees. Weekly closing above 570 means super bullish long term trend and targets of 680 to 750 rupee for the stock.
Godrej Industries Limited company description
Godrej Industries Limited manufactures fatty acid, fatty alcohol and surfactant. The Company’s segments include Chemicals, Animal Feed, Veg Oils, Estate & Property Development, Finance & Investments and Others. The Chemicals segment includes the production and sale of Oleo chemicals and Surfactants, such as Refined Glycerin, Alpha Olefin Sulfonates and Sodium Lauryl Ether Sulfate. The Animal Feed segment includes production and sale of compound feeds for cattle and poultry. The Veg Oils segment includes the processing and bulk trading of refined vegetable oils and Oil Palm Plantation. The Estate & Property Development segment includes the development and sale of real estate and leasing, and leave and licensing of properties. The Finance & Investments segment includes investments in associates companies and other investments. The others segment includes integrated poultry, dairy, tissue culture, seeds business, energy generation through windmills and gourmet foods and fine beverages.