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...
Keep on watch list - Close above 820 triggers buy. 12 April is a trend date to look for its closing. One close above 820, longs can be initiated.The only challenge is missing volume pack. Only sparse volume of candles is visible. Need back to back high volume candles.
Looking good for long term investment ( minimum 1 year)
ROCE : 36%
PE : 13.8
Debt/equity : 0
200 Day moving average: 231
Volume: Increasing daily/weekly/monthly
Currently trading at 40% lower from its 52w high.
Resistance levels:
1st 267
2nd 310
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Maverick...
