1) On 1 day time frame, it has been successfully trading above 50DMA.
But it is still below 100DMA.
50DMA is placed at 937.85 and 100DMA is placed at 992.77
Please refer below chart : 1 day Time Frame.
2) On 1 hr time frame, it has made bullish flag and pole pattern.
If it gives breakout of it and patterns get activated then...
1) On 1day time frame, it bounce perfectly from the 200DMA with increased in Volume.
Immediate resistance is at 950 level.
200DMA is placed at 900.04 level. Which will now work as major support.
Please refer below chart : 1day Time Frame.
Trade Setup for Date: 22-12-2021
good consolidation in last 2 months above important level today volume spike observed today at edge of breakout sustaining above 670 on closing basis is good buy for medium term tgt of 900. will watch for new 52 week high in nxt 90 days.
1) On Daily Time Frame, it is trading above 44 DMA and keep on taking support from it.It took 2 time support from 44DMA.
Please refer Chart below: Daily time frame.
2) On 1 hour time frame, it is now on critical Zone.
Please refer Chart below: 1 hour time frame.
3) On 15min Time frame, it is taking good support and...
If it open below 1660 and breaks 1660 levels and trade above it then it will be a entry point for buy trade. And if it faces resistance then it will be short trade but short below 1655.
If tomorrow, it comes to test 1630 level and gets support then it will be a good entry for buy trade.
Book Partial profit on 1648 quickly on either...
GODREJ CONSUMER, Weekly Chart
Has given Break-out of H&S pattern at 780,
with Good support ot RSI, MACD, & DMI ADX.
StopLoss of 753,
can show levels of 859, 978, & 1115.
I am not SEBI Registered Analyst.
My studies are for Educational purpose only.
Consult your Financial Advisor before Trading or Invseting.
The stock has been in this range for over 3 months now. The 100 point range i.e., 840-940 seems to be holding for now. It bounced back strongly from the support levels today and closed on a high. Expect it to test those upper levels again in a week or two. The trade right now is to go long with a stop below 840 on a closing basis. Remember this is a large cap &...