Godrej Consumer: Long Position Idea
Buy around 825 - 830
TGT: 867
SL: 798
RR: 1:3
TGT: 867
SL: 798
RR: 1:3
Trade active:
Target Reached Successfully!!!
Recommendation:
It is prudent to keep SL instead of booking profits.
At this point, we can keep our SL at little below low of last candle.
In this case it would be at 883 ( Previous low: 886.10)
We will keep on trailing our SL as price advances.
Recommendation:
It is prudent to keep SL instead of booking profits.
At this point, we can keep our SL at little below low of last candle.
In this case it would be at 883 ( Previous low: 886.10)
We will keep on trailing our SL as price advances.
Trade closed: target reached:
We can book profit by selling stock @ 908
Profit achieved = 10% (908 - 825) in 22 Days!
Reasons to Book:
1. Bearish Harami Candlestick Pattern has been formed at the top.
2. Price is trading below bearish candle.
3. RSI came down from overbought zone
Profit achieved = 10% (908 - 825) in 22 Days!
Reasons to Book:
1. Bearish Harami Candlestick Pattern has been formed at the top.
2. Price is trading below bearish candle.
3. RSI came down from overbought zone