GODREJCP | Trendline Breakout Expected ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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Godrejconsumer
Godrej Consumer PR Shortterm tradesetup# Current Price= 1066
#The stock has shown rejection from the trendline resistance as per daily time frame marked in red.
#If the stock manages to close below 1058, the next expected target can be 1030 which will also act as a crucial support.
#Breakdown from 1030 with closing according to 4 hour candle may drag the price towards next support levels as marked on the chart in the green line.
#expected downward targets after breakdown:
Target 2=1000
Target 3= 980
Target 4= 960 or (trendline support marked on the chart).
Note: All the targets may act as a support, so keep trailing your SL as per your risk appetite.
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GODREJ CONSUMER looks goodChart -> 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, please consult your financial advisor before taking any action.
Godrej Consumer Products Ltd - 27.05.2022Godrej 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
Simple Trade Setup | GODREJCP | 18-01-2022 [INTRADAY]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 breakout/closing on either side then we can see good move on that side.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 18-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Godrej Consumer Analysislogo 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
Expecting a Bullish Move in 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 stock may face a support at the level of 946.70, on closing basis. Closing Price (as on 29.12.21) : 585.15
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Godrej consurmer to take long entryLong 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?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 the wave trend
What can happen next :
Scenario 1 : Price sustaining 0.236 level can go up to 1140 and up taking 50 EMA support
Scenario 2 : Price break down of trend or 0.236 levels go to 0.382/0.5/0.618 levels to meet 200 EMA
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Godrej Consumers Products Short Term TradeCharts 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.
GODREJ CONSUMER PRODUCTS LONGA 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 basis)
TRAIL STOP LOSS
Risk-Reward Ratio FAVORABLE
RSI a bit high but ain't a problem, can be a sign of good momentum
Breakout sustained
Perfect retrace
MACD bullish
Volumes Check
I would recommend a long swing trade on Godrej consumer Products
Thanks
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