GODREJ CONSUMER PRODUCTS
A few sessions back GODREJ CP has given a breakout after forming a bullish "FLAG ANF POLE" pattern.
Points to Note:
1. Daily RSI is showing bullish divergence against the price.
2. Daily MACD has given a positive crossover and has just cut the 'Zero Line' signalling a bullish trend.
3. GODREJ CP has been consolidating for the last 6-7 sessions in the 25-30 points range.
4. It has good support near 930-940 levels and resistance around 975-980 levels.
5. If you go by pattern long term target is around 1250 a potential of (40% upside from current levels).
Those all are my views and are only fr knowledge purposes only. Act wisely.
Points to Note:
1. Daily RSI is showing bullish divergence against the price.
2. Daily MACD has given a positive crossover and has just cut the 'Zero Line' signalling a bullish trend.
3. GODREJ CP has been consolidating for the last 6-7 sessions in the 25-30 points range.
4. It has good support near 930-940 levels and resistance around 975-980 levels.
5. If you go by pattern long term target is around 1250 a potential of (40% upside from current levels).
Those all are my views and are only fr knowledge purposes only. Act wisely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.