Strong possibility of the strong up move, GODREJCP has formed an inverted H&S pattern and trading above 200 EMA line.
After showing a strong rejection from upper levels there might be a possibility of buyers accumulation for 2-3 days given that positive momentum in nifty sustains and soon there will be a breakout soon.
In the 15 MTF, the index seems to be forming an IHS with positive divergence in MACD. A break above the CPZ mentioned can take the index to targets. The view does not hold if the index closes below 9260