GODREJCP trade ideas
GODREJCP inverted H&S -- Forming Right shoulderGODREJCP is currently forming right shoulder of inverted H&S, reaching neckline at 760 complete the right shoulder formation, and breakout above neckline will give a potential to reach upto 1066. watch this stock on radar.
GODREJCP Buy opportunity taking support at 709I will buy GODREJCP because :
It has been taking support at the trend line .
It has touched the trend line a few times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the trend line downward then look at shorting opportunity .
Entry : 694/709/720
Target : 772/850
Stop loss : 670
GODREJCP: 1yr. Inverted Head and Shldrs in formation! (almost)Trendlines are marked. Go long after a bullish closing with good volumes.
GodrejConsumerAs stock completed all the impulsive wave we can some correct till 600 to 575.Accumulate near 600 to 575 can give good returns
GODREJCP - VIEW - BUY RANGE 720 - 730
FOR A TARGET 750 +
BREAK BEYOND 52 WEEK HIGH RESISTANCE 772
CAN LEAD TO 800 +
>>> CHANNEL BREAKOUT
>>> MOVE TOWARDS 52 WEEK HIGH
disclaimer - for study purpose only
Godrej Consumer - Ascending triangleGodrej Consumer is in consolidation since long. Ascending triangle pattern is seen in weekly chart. Expected up move once there is breakout. Can buy in the range 700 to 720. Wait for some correction. Can accumulate in dips. Technical target is 1026. Can go long with a trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
#GODREJCPAfter a long phase of consolidation, it has bounced back from its lower trend line levels. Already trading above a strong resistance. If it breaks the above resistance, can see 800 levels soon.
Godrej CP Breakdown 9th Dec 2020Bearish engulfing & Downtrending RSI target 677 for 9th-10th Dec 2020
IT WILL GO DOWNSO FINAALY ITS NOT ABLE TO BREAK THE REGISTANCE AND GOING TO FALL DOWN SO SHORT POSTION CAN BE MADEEEE
