GODREJCP time to longA good consolidation after an up move, THINK this is good time to take position.
GODREJCP trade ideas
Positional or Longterm Opportunity in GodrejCPGo Long above 926.1 for Targets of 981, 1035.9, and 1090.8 with SL 871.2
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave Trendline breakout.
4. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low to the recent swing high then we see stock took support from 0.618 Fibonacci level and a bullish candlestick pattern Bullish Hammer is formed around 0.618 Fibonacci level.
Right-angled descending broadening wedge Script name :- Godrej consumer
Chart pattern :- Right-angled descending broadening wedge
This is short term bullish reversal pattern
It's just a information about chart pattern so no target or stoploss
Sell below 912 SL 918 TGT 906 and 894Suggestions are based on my analysis only. Please do your analysis before taking any trade.
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.
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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.
A small flag and pole in GODREJ CONSUMER?CHART -> Godrej Consumer DAILY SETUP
As seen per charts, there are few things to note:
1. Stock was first trading near 200 DMA and after that now it is consolidating near 100 DMA.
2. A small flag and pole pattern has been formed, with it is consolidating in between 975 to 945 range.
3. RSI is facing hurdle to go above 60.
A close above 975 or RSI above 60 will add further momentum.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
GODREJ CONSUMER PRODUCTSA few sessions back GODREJ CP has given a breakout after forming a bullish "FLAG ANF POLE" pattern.
Points to Note:
1. Daily RSI is showing bullish divergence against the price.
2. Daily MACD has given a positive crossover and has just cut the 'Zero Line' signalling a bullish trend.
3. GODREJ CP has been consolidating for the last 6-7 sessions in the 25-30 points range.
4. It has good support near 930-940 levels and resistance around 975-980 levels.
5. If you go by pattern long term target is around 1250 a potential of (40% upside from current levels).
Those all are my views and are only fr knowledge purposes only. Act wisely.
Flag pattern Godrejcptrade after break out only...so plan as per chart only...chart tells everything
Godrej Consumer Analysislogo ko chaiye hota h Ki Stock Breakout de or sustain krre then apke liye laya hu me godrej consumer
Stock ne do teen din pehle downtrend se uptrend me convert liya he or upar ki trf consolidate kr rha he..
15-20 din ka acha trade ban skta he..
1st target 3.5%
2nd target 8%
3rd target 12%
or stop Loss 2.5%
NSE:GODREJCP
Expecting a Bullish Move in GODREJCP As per the 2 Hour Chart of GODREJ CONSUMER, we can witness a Formation of “Bullish Harami” on the chart. Therefore, we are expecting a bullish momentum in GODREJCP in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 961.95, 968.25, and 976.40. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 946.70, on closing basis. Closing Price (as on 29.12.21) : 585.15
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
SWING TRADE - R:R - 1:2 - GODREJ CONSUMER PR (NSE:GODREJCP)Potential Opportunity as Swing Trade in NSE:GODREJCP and also predicting positive for long term investment.
SWING TRADE - RISK TO REWARD - 1:2
ENTRY - 970
TARGET - 1030
STOP LOSS - 940
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #godrejcp #riskrewardratio
GODREJ CONSUMER BUY CALL 28 DEC 2021In this stock , purchase if it near around 953 or 954
SL 2-3 rupees
Target next high
Positional or Longterm Opportunity in Godrej CPGo Long above 976.1 for Target of 1081 with SL 871.2
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this the stock gave Trendline breakout.
Swing trade - GodrejCPPrice is nearing long term trend line. Sustaining & breaking 748 - 755 with volume wil make the price to reach 764, 772, 784 and 796.
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 CONSUMER looks good for short term gainCHART -> Godrej Consumer DAILY SETUP
As seen per charts, there are few things to note:
1. It was trading under a Bearish Trendline since 15th September, and now it seems to have came out of the Bearish Trendline.
2. A Morning Star can be seen while breaking out of the Bearish Trendline, with significant volume.
3. That breakout of trendline and morning star has formed at the support level of 200 Days Moving Average.
4. Stock is trading under a Darvas Box kind of structure with upper boundary of the box is around 960.
It should be a good buy when we get a daily close above 960 Rs, for a short term gain.
Godrej Consumer Cmp 958 dated 22.12.2021Godrej Consumer Cmp 958 dated 22.12.2021
Rectangle Consolidation BO @ 960
Buy Above 960 for z tgt of 985-1010-1035 sl 925
GODREJCP on watchlistGodrejcp - Triple Bottom pattern marked at support levels. Neckline yet to be broken. RS line is increasing, on the verge of moving above 0. Moved above 200 DEMA and 50 DEMA. Will keep on watchlist.
Only for educational purposes, not a recommendation.
Godrej Consumer - Breakout of Falling Wedge!Godrej Consumer Products has broken above the falling wedge, having taken support of its 200 day EMA.
The stock has now also moved above its 100 day EMA, indicating bullishness ahead, which is confirmed by the bullish divergence between its price and the RSI oscillator.
Godrej CP: Multiple Breakouts on CardsThe stock corrected almost 25% from Top. After forming a double bottom around 880, the stock is giving multiple breakouts....a Double Bottom Breakout and trendline resistance breakout....the new CEO has taken charge and the commentary he gave may have been liked by the street and can be a potential trigger
Swing steup for Godrej Consumer(4H)Godrej Consumer is in a tight consolidation for quite some time now and its resistance is being tested multiple.If it rises above 960 with strong volume, new positions can be taken.
Simple Trade Setup | GODREJCP| 22-12-2021 [INTRADAY]NSE:GODREJCP
Observations:
1) On 1day time frame, it bounce perfectly from the 200DMA with increased in Volume.
Immediate resistance is at 950 level.
200DMA is placed at 900.04 level. Which will now work as major support.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 22-12-2021
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.
buy GODREJCP 936
long term trendline respected triple bottom formation
BUY 936
SL 850
TGT 1010 1080
Breakout above 950
