Channel Breakout with Heavy Volume.
the whole fmcg is considered to be defensive but this stock will fall or gain depending on the side it goes; upside could be 820 while downside looks for 660.
inverted head and solders breakout statergy
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. DISCLAIMER: I am not SEBI Registered Analyst. My studies are for Educational purpose only. Consult your Financial Advisor before Trading or Invseting.
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 &...
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Support and resistance lines are drawn.
Place your target and resistance according to support and resistance lines drawn.
A 3rd lower high shows weakness, so short with given targets and set stoplosses according to support and resistance drawn.
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 !!!!
consolidated net profit at Rs 121 crore against Rs 32 crore, revenue up 12.5% at Rs 1,343 crore versus Rs 1,195 crore.
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
keep trailing your sl , as it goes up!