GODREJCP -- TECHNICALS WEAK FOR SHORT TREM
https://www.tradingview.com/x/Zmi6Q6oA/
godrejcp looks weak short trem
feb 2 to feb 24 2023----prices couldnt breach 944 resistance level and there was a negative divergence in 3-6 MACD, RSI
24 th AND 27th february 2023---price breached both 16 and 50 days EMA ...Also 50 200 MACD crossed the signal line negatively ( after staying above signal ;line for 3 months )
march 1 -price restested 16 and 50 dasy EMA and confirmed resistance to these EMA
target 1-- 890
target 2 870 ( 200day EMA and pivot level --stronger support )
godrejcp looks weak short trem
feb 2 to feb 24 2023----prices couldnt breach 944 resistance level and there was a negative divergence in 3-6 MACD, RSI
24 th AND 27th february 2023---price breached both 16 and 50 days EMA ...Also 50 200 MACD crossed the signal line negatively ( after staying above signal ;line for 3 months )
march 1 -price restested 16 and 50 dasy EMA and confirmed resistance to these EMA
target 1-- 890
target 2 870 ( 200day EMA and pivot level --stronger support )
Note
target 1 - 895 as mentioned/marked in the chart done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.