Stock 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 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.
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
Bearish Engulfing pattern seen at D chart. Short below 736 Expected target 728-725-722 for intraday only. This is for your educational only.
Date: 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
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.
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.
GOREJCP 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.
NSE: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 ...
Formed flag and pole pattern sell below 705 buy above 709
Good stock in correction. Can buy and follow at stop loss.
In 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...
Godrejcp is taken support on trendline; Wait and watch if it hold at this trandline.
Levels are mentioned on chart for Swing trading. Please check the description section for early entry level in given stock to get better Risk to Reward ratio. Kindly like & share this pattern. Comment with what do you think. Follow me @ tradingview for more updates!!! Entry: 705 SL: 670 Target: 775 RR: 2.00 Thank you. Happy Trading!!! Best...
Let it correct with proper corrective structure ! NSE:GODREJCP
Sell below 685 TGT 682-680-678 SL 690