GODREJCP trade ideas
GODREJ CONSUMER PR TARGET ACHIEVED Suggested a long trade at 860 on godrej consumer pr with a first target at 919
IT touched 918 today
TARGET 1 ACHIEVED!!
7% RETURNS BOOKED
TARGET 2 IS ON
BOOK SOME QUANTITY HERE
TRAIL STOP LOSS
FOLLOW FOR MORE REGULAR UPDATES!
GODREJ CONSUMER PRODUCTS LONGA clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: CMP (860-861)
Target 1: 918
Target 2: 972
STOP LOSS: 802 (Closing basis)
TRAIL STOP LOSS
Risk-Reward Ratio FAVORABLE
RSI a bit high but ain't a problem, can be a sign of good momentum
Breakout sustained
Perfect retrace
MACD bullish
Volumes Check
I would recommend a long swing trade on Godrej consumer Products
Thanks
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LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!!
GodrejCP possible breakoutGodrej Consumer Products has been consolidating in a range of 800 to 830 from the last 6 trading sessions after giving a massive move on 12th May. Might test All time high levels after breakout of this consolidation , i.e. above 835 DCB.
This is just my personal opinion based on Trend analysis and not a recommendation for trade.
On the Verge of Breakout ✌✌ Short term pick up This scrip satisfied short Term criteria as it is on the verge of breakout. So traders keep on your radar for short Term.
Intraday for JUN 8 - GODREJCPTriangle can be spotted on 15m TimeFrame on NSE:GODREJCP
Momentum is falling - RSI (also a triangle pattern)
The market can move in either direction, but I guess it will fall.
Dotted lines are expected levels.
Comments are welcomed!
//Trade at your own risk//
GODREJCP looks good for buyingGodrejcp has given a Price Volume breakout at major resistance.
The stock has also re-tested its previous level, now acting as a support.
Buying Point: 809-815
Targets: 900-975
Anticipating a good move in the upward direction.
Long GodrejCPAscending triangle breakout happened & stock can show upward movement from here on.
Targets Will be around 932-935 with upward RSI direction.
This is not a sell or buy recommendation.
Published just for study purpose.
buy godrejcpmother candle breakout has trigger. we may see 1010 in coming weeks. view negated below 840
Godrej Consumer Products - BreakoutStrong Bullish movement after earnings. Then, selling emerged from 52 week high which was expected. This was a previous Pivot high. Then retraced back to previous resistance turned support level confirming the Breakout sustainability. Since then consolidating and now again testing the most important reassurance for second time. Come let's break it down together.
Godrej Consumer LongGodrej consumer formed Cup & handle in Weekly time frame
Good for swing trading above 765
Successful pullbackGodrej Consumer Products gave a parabolic move after a senior management appointment.. The stock has since then retraced back to the previous resistance level and has now made, what appears like, a successful retest of the support and the pullback now appears to be complete.
GodrejCP Weekly ChartGodrej CP weekly chart Breakout-Retest-Confirmation with strong bullish candle closed on Friday. The marked level looks achievable in the near term. Plan you stop loss below the current Support area.
GodrejCPwhat each candle tells.
I tried explaining how before Breakout we anticipated a range expansion.
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.
