GODREJCP trade ideas
COLPAL forming Inverted H&S on Weekly COLPAL is forming inverted Head & Shoulders pattern on the weekly time frame. Bullish push from here shall be a good place for Longs. Alternatively, if the pattern fails, the stock can fall fast and fall far. We will be watching the price action for placing further bets.
Head and Shoulder Breakout in GODREJ CONSUMER⭕ Positional Trading opportunity ! weekly Chart Alert !!!⭕
--Buy CMP Oor above 790
--Target = 850 // 900//960// Depth of Head
--Stop-loss = Below 730
--R:R = 1 : 3
--Expected Profit = (28 % )
--Expected Holding = 1-3 Months only
Facing Resistance + Weak Bearish Divergence on RSIFacing Resistance + Weak Bearish Divergence on RSI
GODREJ CONSUMERGODREJ CONSUMER, Weekly Chart
Has given Break-out of H&S pattern at 780,
with Good support ot RSI, MACD, & DMI ADX.
StopLoss of 753,
can show levels of 859, 978, & 1115.
DISCLAIMER:
I am not SEBI Registered Analyst.
My studies are for Educational purpose only.
Consult your Financial Advisor before Trading or Invseting.
GODREJCP BULLISH BREAKOUTGODREJCP is at breakout level & can give good upside move towards upper FIBO LEVELS (MENTIONED IN CHARTS) in coming days.
View Negates below 721 level.
Must have this in watchlist for coming days.
BREAKOUT EXPECTATION, SWING TRADE, GODREJCPThe stock has bottomed out and is now near to the previous high level. if it is broken we can see a good up movement. Since FMCG sector is been in a bearish mode for past 2 trading days, trade may take more time. Also a cup shaped pattern can also be observed.
SL can be placed according to personal risk apatite.
NB: This is not a stock recommendation, just sharing my views only
Godrej CosnumerLooking good to initiate Long position for 900,950+ with a stop of 763 Weekly Closing basis
Inverted head & shoulder breakout, looks strong can head higher.NSE:GODREJCP
The stock has given an inverted Head & shoulders break out on weekly and daily time frame, the move is also supported with decent volumes.
The stock can head higher towards 820/850/880 levels in the coming weeks as long as 740 is not taken out on closing basis.
Ideas shared are for educational purpose only.
GodrejCP - Closed above resistance - BreakoutPrice closed above the strong resistance from 2018 and since then price breached this resistance two times and the volume near the break is big as a result price moved big.
This time price closed above the resistance and one can expect a retest of the breakout level or there is a chance price move further up quick as seen previously from this level.
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