Swing Trade in GodrejCP

Only for Educational Purpose.

Go Long above 677.6 for target 709.15 with SL 646.15

Reasons :

1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.

2. Also a bullish candlestick pattern, bullish engulfing (marked with dark blue circle) is formed at 0.5 Fibonacci level.

3. Also there is a strong support zone (marked with a green rectangle ) around 0.5 Fibonacci level from which the stock took to support and moved up.

So there is a high possibility that stock will show upmove and we have placed our target just below the resistance level (marked with a red rectangle ).
Trade active: Entry triggered today (22 March 2021). Hold for Target 1.
Trade closed: target reached: The target of 709.15 is achieved. Safe Traders can book profits. Aggressive traders can partially book profits and trail SL for RR 1:2. Long-term traders can hold.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out