GODREJCP is forming Inverted Head & Shoulders and Cup and Handle patterns on the weekly chart. The chart is also showing bullish strength after consuming the selling pressure that since the 12 May Marubozu candle. It appears the stock can breakout from here toward its all time highs of 980.
Long Godrej CP above 826 TGT 872 SL 807. Bullish englufing candles has been at support level. Good risk to reward trade. This is for your educational purpose only.
After making high of 890, it pulled back till 800 levels and now showing signs of further uptrend in short term. Yesterday's price action was really supportive.
wait for the re-tracement at BO price range and the buy
GIVEN BREAKOUT OFTER LONG CONSOLIDATION RSI BREAKOUT WITH GREAT VOLUME TARGET SHOULD BE 980
Godrej 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.
GODREJCP (WEEKLY):- CMP 870 Looks Good For upside :) 1) Multiyear HR. Breakout :) 2) MA. Above 200 + Volume Breakout
Wyckoff Accumulation Target 1 = 850 (probability 90%) Target 2 = 900 (probability 60%)
bullish crab pattern completes at d point and stock came near it and fell so beware if you are long, fresh long only when candle closes above trendline
GODREJCP EQUITY levels ...12/05/2021 (D candle)
Godrej Consumer Product is looking bullish on chart.... Follow my page and inbox me for more details regarding Entry/Target and Stop Loss.. Note: Only for education purpose...
After a lot of Demand Intraday trade for Tomorrow session. Buy GodrejCP above 1353 TGT 1356-1360-1365 SL 1345. Follow the levels. This is for your educational ideas only.
After a steep correction from 800 in January till 650, it appears to have resumed its uptrend. The weekly Kumo bounce is activated along with a strong demand zone in hourly being observed today. It could do 750-775 with minor resistance around 730. View would be negated below 670
Long Godrej consumer above 730 TGT 765 SL 708. RSI Divergence forming +ve . Support taken well . Good risk to reward ratio.