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Short

Godrej Consumer Products - Bearish Gartly

NSE:GODREJCP   GODREJ CONSUMER PR
Bearish Gartley observed in GODREJCP
Wait for a strong terminal bar in hourly timeframe for entry
Target 1 = 630, Target 2 = 603, SL = 722
Reward : Risk = 3 (approx)
To repeat, stock is in strong uptrend, enter trade only if strong terminal bar is seen.
Trade active: If close of today < gray area, then enter short trade. Time for some action now!
Note - do not enter July contract as expiry is nearing.
Trade active: I am lovin it!

Comments

Price has started moving flat since last 8-10 days in a channel. This shows weakening of uptrend. Waiting for price to come below gray channel marked on the chart for entry in trade.
Reply
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