Stochastic Divergence & crossover in Godrej Consumer Products

Bullish Divergence noticed in 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).