akshay1808

Stochastic Divergence & crossover in Godrej Consumer Products

Long
NSE:GODREJCP   GODREJ CONSUMER PR
Bullish Divergence noticed in NSE:GODREJCP along with Bullish crossover (%K line rises above %D) and bullish MACD crossover ( MACD crossing above signal line). Bullishness should remain for next week (26thFeb to 2nd March) that can take stock to 1070, 1092 & 1128 levels.


Comment: Kindly maintain a stop loss of 1020
Trade active: Target 1 reached. 1070 level maintained.
Trade active: Reached just 1 point below Target 2 i.e. 1092 and then came back to 1082. Need to wait for Target 2 of 1092!
Trade active: Breached 1092 level finally. Now heading towards target 3 of 1128. Please move the stop loss to 1070.
Trade active: Price not staying above 1092. We can wait for further attempts. We will still stick to the stop loss of 1070.
Trade active: Defying all odds (Nifty falling by 80 points) its still moving up. We will update stop loss, once it crosses 1100.
Trade active: Stock loss of 1070 may get trigger. Stock reached 1079
Trade closed: target reached: Stop Loss of 1070 triggered on 03:15. Both Target 1 & Target 2 were achieved. But profit was obtained only on Target 1 (updated stoploss).

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