GODREJCP Long idea GODREJCP making Higher lows (Blue Line) and came near Trendline Breakout (Red)
Looks good above 694.10 Levels (Green Line)
View Negates below 675 levels
GODREJCP
GODREJCP : ALGO BUY SIGNALHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
only for educational purpose , my view is longStill learning if anything to improve in trend line base please guide me it will help me to learn.
GODREJ CP - SHOWING SIGNS OF SELLING CLIMAXGODREJ CP -SHOWING SIGNS OF SELLING CLIMAX
NEW BUYING VOLUMES ARE EMERGING AGAIN
SOON CAN SHOW UPSIDE MOVE IF IT HOLDS 660
Godrej consumers Breakdown from head and shoulders patternGodrej consumers will break below the levels of 669 because of weakness from the right shoulder of a H&S pattern.
Sell below 669.
Target at 640.
Stop loss at 666. NSE:GODREJCP
GOGREJCP LONG TRADE SETUPStock showing some bullish momentum after down trend. expecting some higher level in this stock soon, all levels written in chart so please check it out.
Godrejcp can take Intra ShortGodrejcp short below 715 TGT 712-705-702 SL 723. Entry will take after the BD of TL, SL & 20 EMA all three in conflux area.
GODREJCP buy Opportunity at 673 I 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 : 673
First Target : 725
Second Target : 745
Stop loss : 649
Godrejcp can take short Bearish Engulfing pattern seen at D chart. Short below 736 Expected target 728-725-722 for intraday only. This is for your educational only.
Godrej CP_30% upsideDate: 21 Sep 2020
Godrej CP (CMP: 713.75)
Flag Pattern breakout on weekly chart. RSI above 50 and increasing MACD.
Target 915
T1- 755 T2- 835, T3- 915; SL- 635
Duration - 25 Jan 2021
At Important level - breakout Price for the third time in a row with small time reached the same resistance level so it has big chance to break this resistance level. Scalping would be best fit trade if breaks out.
If you are interested in this script after the breakout if price come back to the support level ( present resistance) then go for buy and look big.
Godrej Consumer - Confirmation of Bullish Engulfing Note: This is for educational purpose only.
There seems to be a confirmation of bullish engulfing pattern which buying volumes. RSI below 60 indicates still in neutral zone.
GODREJCP HAS TWO RESISTANCE ACTING ON ITGOREJCP 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 : Trade SetupNSE:GODREJCP
Hi Traders,
GODREJCP is on resistance zone, if it break its resistance zone then it can try to hit our target.
Entry and target level on chart.
**********************************************************************************************************************************
If it is helpful for you, please show your support and hit the LIKE button.
Provide some feedback below in the comment!
This would give us encouragement to keep sharing our ideas here on this platform.
###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
**********************************************************************************************************************************
GodrejCp Stock to take for long entryIn charts we can see the Flag & Pole pattern is forming , We can expect the stock to move around the level between 660-665 . In this range we can buy the stock for the next target price of 695-700 levels. Conservative traders can take entry after the BO level of 675. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
