GODREJCPGodrejcp is closed at trndline itsef with volume. FMCG pack is not looking so bullish,so 722-723 may act as resistance. Buy can only be initiated above this level for the target of 750 and more
GODREJCP trade ideas
GODREJCP:- INVERTED HEAD & SHOULDER PATTERNGODREJCP breakout through the neckline of INHS & falling trend line of BW pattern with huge Volume .
Plan your trade accordingly.
Given targets seems achievable.
Levels mentioned on chart.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’.
"Trade what you see, Not what You Think"
Happy Trading(:)
GODREJ GCP | Range Breakout Soon- Looks good above 720.
- Volume also good but there is no consolidation near resistance, a little more consolidation needed for a good breakout!
So Keep Eye on It! :)
GODREJCP#GODREJCP if closes above 720 will signal a break out from the consolidation & can go towards 770.So can be bought if closes above 720 for a target of 770.
29.0 - GODREJCP - Long ideaRisk 0.2% = 4000
Position size = 4000/33 = 121
Investment = 695*121 = 84095
[Diary] Godrej CP Trading PlanResults on Tuesday. My view is short side only. I will update correct trade plans shortly in 5-10 mins.
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 on "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.
"Postional" - means You can carry this 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" - means These are weekly options trades. If I don't explicity write the Expiry, I am talking about current week's only.
"Bounce" - A swing Trading Pattern. Google - "unofficed bounce"
"3BB" or "Entropy" - A Bollinger Band Based System which uses Bollinger Band to screen trade and Price Action to Enter. Google - "unofficed entropy".
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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. You should follow the system I share.
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Like -
Always follow a stop loss.
In case of Intraday trades, it is mostly the "Day's High".
In 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. My trades are live in my forums, in comments, on Youtube. You can tail me if you want to do so.
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I will keep adding this description and it will be the same or similar in most of the trades I post.
GodrejCP - ViewGodrejCP: Round Top Formation
660 is a Crucial level to watch
If breaks 660 with good Volumes then 650 640 feasible in 1 to 2 sessions ; SL 668
Else Can Bounce Back
Godrej Consumer Products Ltd is bullish above 700Good buy above 700. Volumes building up from the past few days.
Fib pivot 697.80 was nearly tested twice. Including yesterday.
Yesterday low: 687.65
Yesterday high: 697.15
Buying above 700, Stop loss 680, Target 746.
Reward : 746 - 700 = 46
Risk : 700 - 680 = 20
GODREJCP - SHORT SETUPThis stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
Godrej Consumer Products - Bearish GartlyBearish Gartley observed in GODREJCP
Wait for a strong terminal bar in hourly timeframe for entry
Target 1 = 630, Target 2 = 603, SL = 722
Reward : Risk = 3 (approx)
To repeat, stock is in strong uptrend, enter trade only if strong terminal bar is seen.
[Buddha] GODREJCP Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
14th JULY SHORT SELL GODREJCPA 3rd lower high shows weakness, so short with given targets and set stoplosses according to support and resistance drawn.
