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ReviveTraders
Feb 4, 2021 11:14 AM

Godrejcp | Inverted Head & shoulder Breakout 🎯 Long

GODREJ CONSUMER PRNSE

Description

⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕

-- Buy above =767 or CMP
--Target = 850 | 898
--Stop-loss =716
--R:R =2.55
--Expected Profit = ( 16% )
--Expected Holding = 1-3 Months only

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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) stocks has given the Breakout of major resistance & retested is DONE
2) Head & Shoulder Formation & its breakout
3) there is a ascending triangle pattern sort of
4) Volume is very perfect at the time of breakout & after the retracement as well
5) Targets is based on S&R zone rather than pattern's height

Guys check out the related ideas as well, it will work really well GUARANTEED !

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✍COMMENT Below your view !

Order cancelled

The stock didn't active .....given the pattern breakout & retested to the same level but no bullish sign afterward
Comments
arun2404
SL HIT😔
anilchetwani
I have bought GODREJCP 760CE Feb yesterday.
Should i hold or exit.
ReviveTraders
@sidhh22, you can hold it till the mentioned trendline is intact
Santhosh_D
bro..i am new(joined 6 months ago) to share market....i like the pattern strategy
mostly i will follow triangle or SR strategy....
for this strategy when should i enter?
should i enter immediately once the market opened tomorrow? or
should i wait for the perfect breakout?
please suggest bro.....

Edit:
please suggest for MuthootFin also..
yashmpanjwani
@Santhosh_D, Same even im new to this,bought this stock at 780 as i saw a breakout you never know when the perfect breakout occurs you just need to have trust in yourself and in the company.
Although the breakout will depend on the earnings which are in a few days
ReviveTraders
@Santhosh_D, well the breakout is already happened but you can surely wait for some bullish sign & then enter....muthootfin, you can enter after the main resistance breakout to play safe
srikarthicvs
Sir the stock has come off considerably from the Buy target. Would now be a good time to enter the position for the upcoming month - Mar 21? Kindly suggest!
akakakakakak
Please share your views on this @TradeTheTip,Thanks
jeevesha
I just discovered your channel today and I'm hooked.. your analysis are at another level!
I'm also learning so I'm adding my view here... BAJFINSERV is resting on the 8 SMA with a doji. With the previous big bearish candle, there is a possibility of a morning star candle formation in which case the bullishness will be activated...
This is just my 2 cents... let's see what happens :)
ReviveTraders
@jeevesha, ohhh Thank you for checking out my channel .....I'm glad you liked
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