EXPECTING GODREJCP TP BREAK LOWER TRENDLINE AS MOVING IN CHANNE FOR PAS FEW DAYS.
ENTER SHORT BELOW 774 FOR TARGET OF 10-20-30 POINTS WITH SL OF 15 PTS.
Godrej consumers will break below the levels of 669 because of weakness from the right shoulder of a H&S pattern.
Sell below 669.
Target at 640.
Stop loss at 666. NSE:GODREJCP
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 &...
It is satisfying all the rules which we follow :
1. Always buy/sell with the trend.
2. Always wait for the last kiss/breakout.
3. Always buy the second candle after retest.
Please follow the marked levels to book profit .
In the weekly bearish channel ( long term ) reversal this week , , but short term structure is bullish so wait for the DIPS and also will look for the breakout !!!!
GODREJIND: BUY 489.6 Stop loss 478 Target 510
GODREJIND has traded on NSE with volumes more than 5 times its average.
Buy 489.6
Stop-loss 478
Target 510
Trade at your own analysis.
1) Double bottom with negative divergence on a downtrend
2) sector has been negatively impacted due to rera for last 1 year
3) News - DSP MF buying Oberoi, Sunteck and Prestige in last few months
4) Risk - Home interest likely to be volatile due to currency and oil prices
Based on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 14-Jun-2018 for GODREJCP
Sell Below(5Min candle close): 1166.1 for targets -
T1: 1157.4
T2: 1152.1
T3: 1146.6
SL: 1175.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you...
