A possible harmonic pattern is on it's way. This finishes at 785.45-795.90 and from there a reversal confiemation.
Another one from the FMCG pack..Keep an eye on this one. Possible triple bottom with triangle pattern!!
GODREJCP (Godrej Consumer Products Limited) SELL BELOW 696.5
A breakout near this 728.30 area will initiate a buy with a target of 748+ and an exhaustion ill make a short side trade, with a target of 710.
Buy GODREJCP upon a close above 200 day SMA at 770.45 Targets open SL: 753 for hyper conservative traders and a close back below 200 day SMA for the rest.
GODREJCP weekly chart analysis - Break or bounce
GodrejCP can be shorted for September Series. Its bit risky, keep SL tight.
We are expecting GodrejCP to be in downtrend in coming week before its earning report.