Chart -> Godrej Consumer Daily
After a downtrend with dried-up volumes, the stock was consolidated for 4 months and now has given a breakout with good volumes.
CMP: 880
Good to buy around: 850
Targets: 947, 977, 1007
SL: 820 on a closing basis
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered,...
Godrej Consumer Products Ltd - 27.05.2022
The stock is trading @ 784 levels
The prices are above EMA
There is a SPINNING TOP & DOJI in Daily Chart
There is a HAMMER in Weekly Chart
There is a STRONG SUPPORT @ 751 levels
The ideal buy entry is 777 & above
Watch out for the price action
GODREJCP LONG
Accumulation levels - 704 - 721
Came to fill the gap. Upmove expected in short term.
Targeting 840 levels in short terms.
Just a view. No recommendations.
NSE:GODREJCP
Observations:
1) On 1 day time, we can see now it closed just at 200DMA.
200DMA is placed at 924.91 level.
From here we can expect a good move on either side.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that is has been trading in range of 915-930.
For positonal trade if 1 hr time frame is giving...
logo ko chaiye hota h Ki Stock Breakout de or sustain krre then apke liye laya hu me godrej consumer
Stock ne do teen din pehle downtrend se uptrend me convert liya he or upar ki trf consolidate kr rha he..
15-20 din ka acha trade ban skta he..
1st target 3.5%
2nd target 8%
3rd target 12%
or stop Loss 2.5%
NSE:GODREJCP
As per the 2 Hour Chart of GODREJ CONSUMER, we can witness a Formation of “Bullish Harami” on the chart. Therefore, we are expecting a bullish momentum in GODREJCP in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 961.95, 968.25, and 976.40. Whereas, on the other hand, on the downside levels, the...
Long Godrej consumer above 925 .Entry after the BO of the reistantance area. Target 960 SL 915. on a daily basis we have seen a bullish engulfing candle on the chart & RSI also touched the level of 60. Good risk to reward ratio. This is for your educational purpose only.
Is trend reversing in Godrej Consumer?
Reasons/Traits :
• Price is exactly at a point for breakdown of the trend (4th time trying to breakdown)
• 0.236 level will it break or take support to go up?
• Price about to touch 50 EMA
• Bullish since May
• RSI strength is reducing and is below 50
• Price is lower than previous higher highs
• Perfectly trying to reverse...
Charts Looks brilliant and has been in momentum. The build up started with a gap up opening and then the gap never filled which shows strength . Then there has been a multiple Rounding bottom formation . After this rounding breakout the stock could move Quickly.
Suggested a long trade at 860 on godrej consumer pr with a first target at 919
IT touched 918 today
TARGET 1 ACHIEVED!!
7% RETURNS BOOKED
TARGET 2 IS ON
BOOK SOME QUANTITY HERE
TRAIL STOP LOSS
FOLLOW FOR MORE REGULAR UPDATES!
A clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: CMP (860-861)
Target 1: 918
Target 2: 972
STOP LOSS: 802 (Closing...
![GODREJCP: Simple Trade Setup | GODREJCP | 18-01-2022 [INTRADAY]](https://s3.tradingview.com/a/aG86U9jW_mid.png "Simple Trade Setup | GODREJCP | 18-01-2022 [INTRADAY]")
