Triangle breakout in Godrej Consumer
Updated
Godrej consumer products is giving a breakout from triangle pattern which gives opportunity for quick 4% to 5% gains.
Stop loss can be considered at 973 levels on daily closing basis. Immediate support can be considered at 950 levels.
It is already trading in overbought zone, so opening a new position can be slightly risky.
Strict following of stop loss is required.
Please do your own research before making any investment decision.
Stop loss can be considered at 973 levels on daily closing basis. Immediate support can be considered at 950 levels.
It is already trading in overbought zone, so opening a new position can be slightly risky.
Strict following of stop loss is required.
Please do your own research before making any investment decision.
Trade closed: stop reached
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