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GODREJ CONSUMER PRODUCTS
Long
Updated

GODREJCP ready to move up

This stock has been in a downtrend. Few days earlier, it has broken out of trend reversal double bottom pattern. Also retested the the neckline couple of times. In fact, both the times, it went below neckline and again came up with a huge volume. This clearly suggest that strong buyers are standing below that level. The stock is consolidating near it's downward sloping trendline. After watching the huge volume near double bottom pattern, one can easily guess that this stock is getting ready to break that trendline and move higher. Swing traders must add this stock in watchlist.
Trade active
Trade closed: target reached
T1 reached
Trade closed: target reached
T2 reached
sumedhb100
Also on:
Chart PatternsdoublebottompatternGODREJCPTrend Analysistrendreversalpatternvolumeaccumulationvolumeanalysis
sumedhb100
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