buy sideresistance breakout based trade
buy for targer range 1006-1013
stop as per comfort
disclaimer - trade @ own risk
Godrejcplong
GODREJCP - price is trading close to its support levelGODREJCP - Price is taking upport on its Demand Line, and the current trend is positive. RSI Bullish Divergence and price action indicating strength.
This trade will be low risk and great reward, in my viewpoint.
Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below.
Thank you
Godrej consumer analysis | Godrej cp outlookPerfect Symmetric tringle
Looking bullish ahead
Start adding above 794.55
Target 1 : 837 & 876
Godrej Consumer Products Ltd - 27.05.2022Godrej Consumer Products Ltd - 27.05.2022
The stock is trading @ 784 levels
The prices are above EMA
There is a SPINNING TOP & DOJI in Daily Chart
There is a HAMMER in Weekly Chart
There is a STRONG SUPPORT @ 751 levels
The ideal buy entry is 777 & above
Watch out for the price action
Godrej Cphigh : 15/09/2021 : 1,138.00
low : 23/03/2020 : 425.10
75 % : 959.77
50% : 781.55
25% : 603.32
Simple Trade Setup | GODREJCP | 10-01-2022 [INTRADAY]NSE:GODREJCP
Observations:
1) On 1 day time frame, it has been successfully trading above 50DMA.
But it is still below 100DMA.
50DMA is placed at 937.85 and 100DMA is placed at 992.77
Please refer below chart : 1 day Time Frame.
2) On 1 hr time frame, it has made bullish flag and pole pattern.
If it gives breakout of it and patterns get activated then we can see a good move.
Please refer below chart : 1hr Time Frame.
-------------------------------------
Trade Setup for 10-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
GODREJCP LONGI hope you can now see how GODREJCP represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
GODREJ CP - Channel BreakoutGODREJ CP breaking out of the channel pattern beautifully. Looks good for swing entry at cmp. ATH now.
godrejcp a perfect buy this is wonderful support to keep in a watchlist
a wonderful support formation and creating higher highs
weekly closing above 61 level
this is great buying condition
Godrej consumer bullishlast target is a long term target, rest of the targets are short term and keep a tight SL.
GODREJCP Forming Multiple Bullish Patterns on Weekly ChartGODREJCP 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.
GODREJCP - READY FOR NEXT LEGAfter 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.
Godrej consumer products long The script can be bought for long at cmp and on dips for short term ( 1 to 2 ) months for 5 to ten percent gains
GodrejCP - Closed above resistance - BreakoutPrice closed above the strong resistance from 2018 and since then price breached this resistance two times and the volume near the break is big as a result price moved big.
This time price closed above the resistance and one can expect a retest of the breakout level or there is a chance price move further up quick as seen previously from this level.
If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button,
Your Support is very much 🙏 appreciated!
You can comment any of the script, I will analyze technically and post it for you.
No Buy or Sell calls strictly :)
Long GodrejecpLong Godrejcp above 710 TGT 725 if able to sustain above 725 next target is 750 with SL of 695. Once target reached first level then shift the SL or book profit. This is for your educational purpose only.
GODREJCPTech target 776, if breaks resistance, can expect all time high.
positives -
good q2 results, expect strong 2H
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
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.
