GODREJCP | Trendline Breakout Expected ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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GODREJCP
GODREJCPNote:
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GODREJCP CUP N HANDLE PATTERNGodrej Consumer Products Limited is an Indian Multinational consumer goods company based in Mumbai, India. GCPL's products include soap, hair colourants, toiletries and liquid detergents.
It is one of leading FMCG firms in india as well as globally, their range of product mainly covers shampoo, hair colours, grooming kits.
1.5 billion people globally use Godrej products from soaps and hair care to home care and health every day.
We recently identify a cup n handle pattern in Godrej consumer products.
CMP: 1315
SL : 1270
T1 : 1390
T2. : 1400
T3 : 1440
Note : It is recommendation it is only for educational purpose
PNC Infratech bullish with cup and handle!While It can be visible from its all-time high to now, a cup and handle with a deeper cup is formed on the PNC Infratech chart. It is giving a sense of bullish momentum.
I have combined charts of Godrej Consumer Products with it as when you see its chart as individual, you will see both these charts seem similar in pattern. As it has happened with Godrej Consumer products it is now in uncharted territory after this pattern, it may happen the same with PNC Infratech as well.
Nifty FMCGList of stocks in Nifty FMCG
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Godrej Consumer Products Ltd
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Itc Ltd
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Marico Ltd
Nestle India Ltd
Procter Gamble Health Ltd
Tata Consumer Products Ltd
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Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Godrej Consumer Product : trend continuation.NSE:GODREJCP
Minor range breakout is done and yesterday's candle closed bullish just below the resistance zone.
Breakout above 1048.50 can take a price around 1070 and above that 1100+.
Stop should be maintained below this doji bar @1026
Keep on radar.
Always trade with stoploss.
Keep Learning,
Happy trading.
GODREJCP Possible tradeAnalysis in weekly time frame.
Took support nearly at 1000 . and making a neutral candlestick.
Now if crosses 1047, High possibility to reach near latest swing high at 1100 and 1150.
And if crosses 1000, then possibility to reach near horizontal support near 950 or trend line support.
And if it breaks or crosses the triangle the we can see the level of 1300 in coming few weeks.
GODREJCP - Ichimoku Bullish Breakout Stock Name - Godrej Consumer Products Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1052
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Godrej Consumer looks great on weekly and daily, Buy
Weekly chart - C wave (long term) is positive, As is the Daily Chart
Breaking out and then pulling back into support. Buy at support levels of 930-920 for target of 1000 + (3 ATR) in 3-5 weeks time
Keep stop below - 1 ATR (14 day ATR) around 900 levels. Ideally buy call spreads for April on this
GODREJCPGODREJCP:- Ascending triangle pattern has formed, wait for a proper breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Godrej Consumer - Weekly Trendline breakout Godrej Consumers has given a long awaited breakout above a 14 month long trendline. It went sideways for around 8 weeks before closing above the trendline on weekly basis.
The BB is challenged and RSI has closed at 60, both are bullish signs. The consumer sector has underperformed in last 3 months and Godrej has been on of the best performers in this sector in that period. Immediate resistance or clutter zone is between 950-975, close above these levels will increase the speed of this stock.
Entry level: 947-930
Target 1 = 1065
Target 2= 1135
Stop Loss = 895 on closing basis (Below the hammer candle in weekly)