GODREJCP trade ideas
Two possible outcomes2h candlestick patter is strictly following wedge lines as its dynamic s&r. the support band within had been breached and thus could act as a fresh level for a re-bounce. shall it get breached again, twice tested dynamic support could possibly cause a re-bounce and thus an uptrend. dynamic resistance acting as upper edge of wedge is in no position to as as one and this depending upon volume, it can go upto 800 levels.
1-day MACD line shows strong buy signal opposing to 2h MACD trend showing strong sell. markets may move down for a while before it regains an uptrend momentum
Godrej CP Ready for the blast tommorow - i.e. 17th Sep 2020Godrej CP Ready for the blast tomorrow - i.e. 17th Sep 2020 - Expecting a large move tomorrow.
GODREJCP - Consolidation at strong supportWeak selling trend, consolidation at strong support, repeated buying pressure in last few days all point to a good up move once the price breaks out of this cosolidation. Expecting Godrejcp up to 720 / 730 levels in short term
GodrejCp Stock to take for long entryIn charts we can see the Flag & Pole pattern is forming , We can expect the stock to move around the level between 660-665 . In this range we can buy the stock for the next target price of 695-700 levels. Conservative traders can take entry after the BO level of 675. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
GODREJCP ON TRENDLINE SUPPORT Godrejcp is taken support on trendline; Wait and watch if it hold at this trandline.
Intraday (28-08-2020)safe traders try to short sell only if RSI support marked is also broken. Keep an eye on Consumption and FMCG index.
Synergistic Pattern: Advance pattern (W+Flag) + Double FlagLevels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Entry: 705
SL: 670
Target: 775
RR: 2.00
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Short term - Godrej CP looks to make or break in the future Strong Close below 681 may take it to 674-665 levels. Close above 694 may take it to 701-709 levels.
GODREJCP - #LongSide - Wait For The New Price Extreme. . . Let it correct with proper corrective structure ! NSE:GODREJCP
Godrej Consumer Products chart analysis1.#Godrej Consumer Products Weekly chart trading above the major #Trendline and if is sustain above 722.00 ,we can see up move towards 840.00/970.00 level as per chart pattern with the help of 660.00 support level .
2. This stock also made triangle pattern RSI breakout in weekly chart .
INDEPENDENCE DAY SPECIAL #1 - GODREJCPBig red candle with low volume, it could again take support at 668 if it crosses 680.
I am bullish on godrejcp if it does not crosses 680.
