rbasker

Successful pullback

Long
NSE:GODREJCP   GODREJ CONSUMER PR
Godrej Consumer Products gave a parabolic move after a senior management appointment.. The stock has since then retraced back to the previous resistance level and has now made, what appears like, a successful retest of the support and the pullback now appears to be complete.
Comment: Stock posted consecutive days of gains following the successful pullback.
Comment: Stock is moving up quite strongly with consecutive green candles. The volume however is drying up. If anyone is on profit, can look to exit selling into strength. I would prefer to wait for some pullback for any fresh entry.
Trade closed manually: Stock has given a spectacular move after the pullback. I was suspecting it might come down further to fill the gap but the strong momentum kept it rallying higher. Anyone holding this stock should let it run and trail your stop loss..

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