Godrej Consumer PR Shortterm tradesetup

# Current Price= 1066

#The stock has shown rejection from the trendline resistance as per daily time frame marked in red.
#If the stock manages to close below 1058, the next expected target can be 1030 which will also act as a crucial support.

#Breakdown from 1030 with closing according to 4 hour candle may drag the price towards next support levels as marked on the chart in the green line.

#expected downward targets after breakdown:
Target 2=1000
Target 3= 980
Target 4= 960 or (trendline support marked on the chart).


Note: All the targets may act as a support, so keep trailing your SL as per your risk appetite.



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