GODREJ IND : downtrend is losing steam and a pullback could be on the cards

GODREJ IND

Last close 611.95

The indicator has bounced back from extremely oversold readings and is showing a clear positive divergence. This means that the current downtrend is losing some steam and a pullback could be on the cards. We recommend to stay invested keeping stop loss of Rs.599 for an intraday target of Rs.622, if crosses and stay above will take this to Rs.631 mark very soon..!!!