Keshav2329

GODREJ CONSUMER PRODUCTS LONG

Long
NSE:GODREJCP   GODREJ CONSUMER PR
A clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW)

LEVELS:

Entry: CMP (860-861)
Target 1: 918
Target 2: 972

STOP LOSS: 802 (Closing basis)
TRAIL STOP LOSS

Risk-Reward Ratio FAVORABLE

RSI a bit high but ain't a problem, can be a sign of good momentum
Breakout sustained
Perfect retrace
MACD bullish
Volumes Check

I would recommend a long swing trade on Godrej consumer Products

Thanks

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Trade closed: target reached: Target 1 of 918 ACHIEVED!!!!
Entry suggested at 860 on June 3
Target 1 reached in just 11 days
7% RETURNS ACHIEVED, TARGET 2 ON TRAIL STOP LOSS
BOOK SOME QUANTITY HERE!!
Comment: TARGET 2 REACHED
ENTRY SUGGESTED AT 805
980 TOUCHED TODAY (TARGET 2)
21% RETURNS

BOOK FULL QUANTITY HERE

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