Godrej Consumer - Weekly Trendline breakout Godrej Consumers has given a long awaited breakout above a 14 month long trendline. It went sideways for around 8 weeks before closing above the trendline on weekly basis.
The BB is challenged and RSI has closed at 60, both are bullish signs. The consumer sector has underperformed in last 3 months and Godrej has been on of the best performers in this sector in that period. Immediate resistance or clutter zone is between 950-975, close above these levels will increase the speed of this stock.
Long
