Godrejcp looks great ABove 770 forming a weak inverted head and shoulder pattern. But i I am betting on the solid resistance breakout
GODREJCP trade ideas
godrejcp weekly longInverted hns in weekly chart if neckline break upside moves 20%-30%
only for educational purpose
Godrej cp Good long candidate.Godrej CP good long candidate.
Inverted head and shoulder pattern formation.
Neckline breakout above 765 levels,
Trade violation below 715 levels.
Can give a good move towards levels of 800-820-840-880 levels.
Long term buy godrejcpgodrejcp is the perfect buy for long term as we see the log chart from 2002 it has exactly corrected two times during 2007 & 2018.
from the lows of 2008 i.e 30rs it has risen 33 times to reach the high 1000rs in 2018.
the same strong rise we are expecting for next ten to fifteen years from the recent lows in 2020 i.e 500 the target could be 500*33=16500.
with this stock has corrected perfectly in TIME wise
correction phase can be seen in parallel channel,
apr2006-apr2009
sep2018-sep2020
break out from parallel channel gives us the confirmation.
also stock has corrected perfectly with PRICE wise
from 2002 lows i.e 3.35rs to 2018 high i.e 1000rs stock has corrected exactly 50% i.e 500rs and it has bounced from 500rs and making higher highs which gives us the great confidence.
so,
TGT1 1350
TGT2 1600
BUSSINESS CYCLE (8-16yrs) TGT 16500
short term buy Godrejcpgodrejcp has been formed inverted head and shoulder and neck line exists around 755 break above 755 will be the confirmation for buy with the target of 830.
Godrejcp : Very close to give Inverted H&S breakoutBuy above 780 with Sl 680
Target 977, 1100 (as per chart pattern)
Disclaimer : This idea is for only educational purpose, please consult your financial advisor before making any trading decision
GODREJCP, INVERTED HEAD & SHOULDER PATTERNBeautiful pattern in GODREJCP. Valid for both intraday & Swing based on levels given on chart
Thanks
Piyush Gupta
Learn & Earn
Godrej consumer products Godrej consumer GCPL is showing inverse head& shoulder pattern on the chart
GODREJCP: 1Yr Inverted Head and Shoulders! Posting again!⚡Trendlines are marked. Watch out for the breakout if happens.
Godrejcp can take long entry.GodrejCP to take long above 750 for the TGT price of 770 with the SL 742. Stock in uptrend after pull back again taking momentum.RSI level is above 60 is also bullish mode.
Can Godrej Consumer cross the hurdle this time?Testing an important resistance one more time. Crossing this hurdle it can give good up move. Good if sustains above it. For educational purpose.
Godrej Consumer - Trendline Breakout WatchExplanation in Chart. Keep watch with a SL @ 1.5% of investment. Godrej Consumer brands includes Cinthol, Hit spray and many more. Fundamentally strong brand. Management pedigree.
