GODREJCP
GODREJIND | Inverted Head & Shoulder pattern | 44 %🎯⭕ Positional Trading opportunity ! weekly Chart Alert !!!⭕
--Buy above =454.30 or CMP
--Target = 543 | 656.30
--Stop-loss = 382.50
--R:R =2.81
--Expected Profit = ( 44% )
--Expected Holding = 1-3 Months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Godrejind has formed inverted head & shoulder pattern
2) Prior trend was down
3) volume activity is increasing from some time
4) target is based on resistance levels & pattern height
5) same pattern can be seen in godrejcp and godrejagro
6) wait for the pattern breakout & retest
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
testing period. SUPPORT OR RESISTANCE ?the whole fmcg is considered to be defensive but this stock will fall or gain depending on the side it goes; upside could be 820 while downside looks for 660.
Inverted head & shoulder breakout, looks strong can head higher.NSE:GODREJCP
The stock has given an inverted Head & shoulders break out on weekly and daily time frame, the move is also supported with decent volumes.
The stock can head higher towards 820/850/880 levels in the coming weeks as long as 740 is not taken out on closing basis.
Ideas shared are for educational purpose only.
GODREJCP Swing Trade- LongNSE:GODREJCP Scripts has generated Inverse Head and Shoulder and on weekly chart its trading with good volume.
Entry for Swing Holding Trade can be taken at 786 keeping SL 712 . Possible Target of 930-940 can be aimed.
Godrej Consumer Products - BuyGODREJCP - Analyzing the chart...
1. Future Cloud is Bullish
2. Slope of Senkau Spans, Kijun Sen and Tenkan Sen all are upwards
3. Stock has shown a fresh breakout from 3-4 months long trading range
Actions Suggested:
A. Buy with stop loss of Rs. 750.
B. Exit if today's close is back in range.
C. Target of Rs. 850, over and above this levels a trailing stop loss of Rs. 50 can be kept.
Note - Material is only for educational purposes, assess your risk and enter position. We recommend only cash positions for the scrip.
If you benefit from our material, please donate 1% of profits towards education of poor children.
Godrejcp - Watchout for Breakout Swing plus Intra idea#godrejcp Breakout plus retracement up to .38 levels done.
Long above 753 either Swing or Intraday as well. Next Targets for Swing are 800-850 in short term
Godrejcp : Very close to give Inverted H&S breakoutBuy above 780 with Sl 680
Target 977, 1100 (as per chart pattern)
Disclaimer : This idea is for only educational purpose, please consult your financial advisor before making any trading decision
Godrejcp can take long entry.GodrejCP to take long above 750 for the TGT price of 770 with the SL 742. Stock in uptrend after pull back again taking momentum.RSI level is above 60 is also bullish mode.
GODREJCP Buy opportunity taking support at 709I will buy GODREJCP because :
It has been taking support at the trend line .
It has touched the trend line a few times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the trend line downward then look at shorting opportunity .
Entry : 694/709/720
Target : 772/850
Stop loss : 670
GODREJCP - VIEW - BUY RANGE 720 - 730
FOR A TARGET 750 +
BREAK BEYOND 52 WEEK HIGH RESISTANCE 772
CAN LEAD TO 800 +
>>> CHANNEL BREAKOUT
>>> MOVE TOWARDS 52 WEEK HIGH
disclaimer - for study purpose only
In the short term, Godrejagro can provide good returnsIf it retraces it can go uptill Rs 500 and then go long again.
I'll personally add more quantity if it retraces.
Happy Trading !
GODREJCP - AT BUYING LEVELGODREJ CP IN A RISING CHANNEL
ON THE LOWER LEVEL SUPPORT
GOOD LEVEL TO BUY
WITH 1:3 RISK TO REWARD
GODREJCPTech target 776, if breaks resistance, can expect all time high.
positives -
good q2 results, expect strong 2H
