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Profitable_Traders
Jun 8, 2020 10:20 AM

Synergistic Pattern: Advance pattern (W+Flag) + EMA 400 + Trend Long

GODREJ CONSUMER PRNSE

Description

Levels are mentioned on chart.


Please like & share this pattern. Comment with what do you think.


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Thank you. Happy Trading!!!


Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.

Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Comments
vaidyavenkat
@Shyamraaja - Based on your technical analysis & fundamentals, do you suggest to hold on position or sell? I entered at 675.45 and not seeing a Short after the announcement of change in MD of company. Looking forwards to your analytical response. Thanks !
Profitable_Traders
@vaidyavenkat, I am also holding my position
vaidyavenkat
@Shyamraaja, Ok, it looks like market is unclear on the new MD's style and some clarity on focus / plan for next 5 years announcement may be a value add to give assurance to the investors. We are so much used to ex-MD's style of mgmt that this sudden change is taking time to adjust.
Profitable_Traders
@vaidyavenkat, Yes you are right!!!
shreeshajn1986
@Shyamraaja , can the stock be bet tomorrow for intraday? If so please mention the stop loss...
Profitable_Traders
@shreeshajn1986, These levels are for swing trading. I generally not prefer intra day
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