GOREJCP HAS TWO RESISTANCE 1. LONG TERM TRENDLINE TRENDLINE 2. RECENT SWING HIGH IF IT BREAKS THE 728 AND HOLD THEN ONLY LONG IS RECOMMENDED IF IT BREAKS THE 700 AND SUSTAINS, MORE PAIN CAN BE SEEN. hOWEVER THERE IS TRENDLINE SUPPORT IS AVAILABLE.
Godrejcp is taken support on trendline; Wait and watch if it hold at this trandline.
Godrejcp is closed at trndline itsef with volume. FMCG pack is not looking so bullish,so 722-723 may act as resistance. Buy can only be initiated above this level for the target of 750 and more
#GODREJCP if closes above 720 will signal a break out from the consolidation & can go towards 770.So can be bought if closes above 720 for a target of 770.
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 .
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Godrej Consumer Products has broken out from a triangle pattern on 15 mins time frame. Initiate long. Target : 675 Stop Loss : 650
Hypothetical Case. If This happens then wonderful opportunity to go short.
GodrejCp gud by abv 875. Can test 934. Sl-851. Sell below 851 for 828.