GODREJCP trade ideas
broken out from the rising wedge , but can the trend sustain?the chart showing good short term trend, however, may be deceptive....
trade with stoploss
[POSITIONAL] GODREJCP LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Godrej CP Bullish PennantEducational Intraday Trading Setup For 31.08.2021, Kindly consult your financial advisor before taking a trade.
GODREJCP Positional View !GODREJCP : cmp ; 1033.15
Trading near the breakout level of 1050. If it surpass and sustains above the lvl
a fresh buying move possible in the near term . So keep on radar !!
Making higher highs for 3 days.
Good to grab on dips.
Tgt may be 1058/1079/1100
sl 1017 Dclbs
Positional tgt 1142
sl 996 Dclbs
Option Strategy : Buy Aug 1020CE
OR
Buy Sept 1040CE/1050CE
OR
Sell Aug 1020PE/1000PE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
GODREJ CP - Channel BreakoutGODREJ CP breaking out of the channel pattern beautifully. Looks good for swing entry at cmp. ATH now.
Godrej Consumer Cmp 1033 dated 20.8.2021Godrej Consumer Cmp 1033 dated 20.8.2021
1. Parallel Channel BO @ 1050
Buy with a SL of 990 for a tgt of 1130-1170
It is just a view, pls trade at your own risk.
Godrej Consumer Products LtdGodrej Consumer Products Ltd is following channel. can take long position as long as stock in trading in channel.
Big BreakoutAfter a long time crossing monthly resistance and also respected that levels increase in daily volume and strong closing can be best positional trade
GODREJCP : Ending Diagonal This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
Properties of ending diagonal :
Wedge shaped structure (in case of contracting diagonal).
The subwaves of all the five waves should be in three wave structure.
Wave 3 should be shorter than wave 1 | Wave 5 should be shorter than wave 3 | Wave 4 should be shorter than wave 2
Trading Strategy :
Sell near 1000-1005. keep stop loss of 1025 and look for the target of 940/900/875
POSITIONAL VIEW ON THE KASH_STOCKSGODREJCP Looking good above 1017 if gives closing. Small rounding bottom is formed and above 1017 is breaking the neckline of the rounding bottom.
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
CHANNEL PATTERN IN GODREJCPLook at the beautiful channel pattern.
So the trade idea is to take entry at the support i.e. around 940 and
giving the target i.e. 1040 or
you can put the little lower then the previous high.
Trade with your risk management , please do your own analysis before entering the trade.
If you have any idea please tell me in the comments.
GODREJ CP LONG VIEWGODREJ CP now in good support area, financial result published with good numbers. SL and Target mentioned in Chart
GODREJCP At ResistanceGODREJCP is going to hit short term resistance.
I will look for shorting opportunity.
R-1035
Possible breakout in Godrej Consumer Products...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Target 2 (31%) achieved in Godrej Consumer. Target 3 is ON...This is follow-up on Godrej Consumer Products. Can check link to related ideas.
Target 2 achieved. More than 31%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Godrej consumer potential break outGodrej consumer potential break out since it has a weekly rounding pattern. could give swing trades if breakout happens.FMCG sector gained momentum as well .
GODREJCP | Strong and value stock - Getting ready for 30%GODREJCP | Strong and value stock - Getting ready for 30%
CMP : 736 (We are tracking from 670 zone - ref chart is attached below)
SL : 680
Target : 970
1:7 risk reward setup - Cane take several weeks to reach target as it is weekly candle analysis.
All time high breakout on weekly chartPerfect levels to break out at 1000 levels. Great RR opportunity with SL of 3-4 percent.
Kindly note, this is only for knowledge purpose.
