Looking at the FMCG sector and the overall market scenario, Godrejcp is a good bet, as it is underperforming amongst it peers which are already making all time highs. It is widely known, that if and when the market gets greedy FMCG sector is a safe place to invest in. Hence, it will be one of the factors that will give it a decent move and support in case the market goes for profit booking.
Right now, CMP is 1055/-. And the stock is trading at the edge of a continuous parallel channel and has a strong support at 1020-1030. Positional trade for a month is recommended for the TARGETS OF 1200/- (within 3-4 weeks) with a SL of 1022/-.
INVEST WISELY.
Right now, CMP is 1055/-. And the stock is trading at the edge of a continuous parallel channel and has a strong support at 1020-1030. Positional trade for a month is recommended for the TARGETS OF 1200/- (within 3-4 weeks) with a SL of 1022/-.
INVEST WISELY.