TREND ANALYSIS
TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then short.
The technical of godrej consumer products suggests a strong buy. A spinning top appears which can lead to great increase or decrease in the stock. The fundamentals of the company are very strong and the quarter results are also about to be announced today.
Supporting's to the trade plan
Spinning top with high volumes(>10 days SMA)
MACD is above the 9day SMA...
It is been observed that in the range of 1550-1565, there is a high selling pressure that takes the prices down to lower levels. Today price action showed tremendous weakness at that range level that formed a long red candlestick with a upper wick showed price rejection on higher levels. I would recommend shorting it for a while until the price action breaks above...
Godrej Consumer Products Limited is an India-based company, which is engaged in the manufacture of personal and household care products. The Company's geographic segments include Within India and Outside India. It offers hair care products. The Company's Personal Care range of brands includes Cinthol, Grade 1 soap, protekt, Soft & Gentle, Cuticura, Mitu and Pamela Grant. Its home care range of brands includes Good knight, HIT, aer, Ezee and Stella. Its hair care range of brands includes Ilicit, Touch of Silver, Roby and Renew. The Company focuses on regions, including India, Asia, Africa and Latin America. The Company offers a range of products in India, which include household insecticides, such as aerosols, liquid vaporizers, coils and mats; hair colors; soaps and air fresheners. Its protekt range of products consist of approximately three hand washes, a hand sanitizer and a personal mosquito repellent spray, including instant foam hand wash and alcohol-free sanitizer.
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GODREJCP
