Godrej Consumer ProductsGodrej Consumer Products has not only given a huge breakout but it has also given itself ample fundamental support as well with excellent results and new CEO appointment. Keep a Stop Loss at Rs.770 and you should be fine in this one. It is definitely one of the good FMCG companies out there.
Godrejconsumer
Godrej Consumer has a long term growth perspectiveNSE:GODREJCP has been correcting past few years and now it is up for repeating the history of early 2000s.
The stock has given wonderful returns since inception. It was observing certain correction which was clearly ended in 2020. The quarterly numbers confirmed more rallies to the upside to come.
GODREJ CONSUMERGODREJ 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.