Buy godrejCpLong Godrej CP above 826 TGT 872 SL 807. Bullish englufing candles has been at support level. Good risk to reward trade. This is for your educational purpose only.
GODREJCP trade ideas
GODREJCP - READY FOR NEXT LEGAfter making high of 890, it pulled back till 800 levels and now showing signs of further uptrend in short term. Yesterday's price action was really supportive.
GODREJCP 1W TF Price Volume breakout at resistance followed by retracement at the same level, now acting as support.
Anticipating 881+
GODREJCP SUCCESSFUL RETEST ON DAILY CHARTGODREJCP
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1. RECENT BREAKOUT WITH HIGH VOLUME
2. RETEST OF SUPPORT IS SUCCESSFUL
WHERE TO BUY
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AT CURRENT PRICE
WHERE TO EXIT - PROFIT
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968 - 976
STOP LOSS
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CLOSE BELOW 794
reversal after the rocket move price is taking support at flip zone which coincides with 61.8% retracement of recent rally.
good for longs towards 892 with sl 773
[ Intraday ] GODREJCP Short Trader : R ratio is 1 : 2
Rest as per Charts
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
Godrej consumer ltdtargets are mentioned on chart
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650-640 is a strong supporting zone
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my SL is below 640
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Note: do your analysis before taking any action and take responsibility for your action.
GODREJ CONSUMER LOOKS GOOD FOR SWING TRADEGIVEN BREAKOUT OFTER LONG CONSOLIDATION
RSI BREAKOUT WITH GREAT VOLUME
TARGET SHOULD BE 980
Godrej Consumer ProductsGodrej Consumer Products has not only given a huge breakout but it has also given itself ample fundamental support as well with excellent results and new CEO appointment. Keep a Stop Loss at Rs.770 and you should be fine in this one. It is definitely one of the good FMCG companies out there.
Godrej Consumer ProductsPull back and go probably solid volume come in, some money might leave on this breakout after trapping breakout retail traders. We want to see a low volume pull back to 781 and hold to get into this ride.
GODREJCP GODREJCP (WEEKLY):- CMP 870 Looks Good For upside :)
1) Multiyear HR. Breakout :)
2) MA. Above 200 + Volume Breakout
LONG GODREJCPEnter in GODREJCP between 685 and 645....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 835,935 and long term above 1200 easily......levels are marked........ best buy if goes around 550
Godrej Consumer AnalysisWyckoff Accumulation
Target 1 = 850 (probability 90%)
Target 2 = 900 (probability 60%)
