Godrej CP (30 Sep 2023)Godrej CP (30 Sep 2023)
The price is at the lower level of the Price Channel.
A reversal could occur at this point.
GODREJCP trade ideas
POSITIONAL TRADEStock near all time high , daily trendline support and can see a bounce from the support zone .
GODREJCP-Follow the trendTarget-1065,1075,1090
Keep Sl-1010 on closing basis.
Only for educational purposes.
Head & Shoulder pattern breakout in GODREJCPGODREJ CONSUMER PRODUCTS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Head & Shoulder Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1085+.
✅Can Go Long in this stock by placing a stop loss below 1025-.
clear cup handel breakout Godrej Consumer Products is a good fundamental company which is getting a handle on it and is getting ready to go upto ₹1500
GODREJCPStock is moving along long term rising trendline and has taken support multiple times. 55RS is still near zero line and above long term MA. Somewhat correction is anticipated and may touch trendline before moving upward again.
TREND LINE SUPPORT FOLLOWING TREND LINE MUST GODREJ PRODUCT SUPPORTING A TREND LINE KEEP UPDATE WITH TREND LINE GET CHANCE ENTRY LEVELS.980 HAS BEEN TAKE SUPORT FOR THE CHART.
NO RECOMMONDATION REGADING BUY AND SELL
TAKE OWN STUDY AND FOLLOW US
Godrej Consumer Q1 FY24 Highlights (Consolidated, YoY) Operating profit jumped 28% to Rs 681.83 crore (Bloomberg estimate: Rs 685.51 crore). Margin expanded to 19.8% from 17% due to easing of input inflation (Bloomberg estimate: 19.7%).
Godrej Consumer Q1 FY24 Highlights
(Consolidated, YoY) Operating profit jumped 28% to Rs 681.83 crore (Bloomberg estimate: Rs 685.51 crore). Margin expanded to 19.8% from 17% due to easing of input inflation (Bloomberg estimate: 19.7%).
Advertisement spends, as a percentage of sales, stood at 9.3%, up 59% year-on-year and 42.7% over the previous quarter to Rs 320.39 crore. India business sales grew by 9% to Rs 2,005.48 crore led by volume growth of 12%.
GODREJCP Possible tradeAnalysis in weekly time frame.
Took support nearly at 1000 . and making a neutral candlestick.
Now if crosses 1047, High possibility to reach near latest swing high at 1100 and 1150.
And if crosses 1000, then possibility to reach near horizontal support near 950 or trend line support.
And if it breaks or crosses the triangle the we can see the level of 1300 in coming few weeks.
GODREJCP - Cup n handle breakout - 4% upside potential GODREJCP has given Cup n handle pattern at 1090 resistance level.
Target: 1140+
SL: 15 min candle close below 1085
Godrej Consumer PR Shortterm tradesetup# Current Price= 1066
#The stock has shown rejection from the trendline resistance as per daily time frame marked in red.
#If the stock manages to close below 1058, the next expected target can be 1030 which will also act as a crucial support.
#Breakdown from 1030 with closing according to 4 hour candle may drag the price towards next support levels as marked on the chart in the green line.
#expected downward targets after breakdown:
Target 2=1000
Target 3= 980
Target 4= 960 or (trendline support marked on the chart).
Note: All the targets may act as a support, so keep trailing your SL as per your risk appetite.
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Broadening Wedge pattern reversal in GODREJCP.Godrej Consumer Products Ltd
Key highlights: 💡
✅On 4 Hour Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
✅ It can give movement upto the Reversal final target of below 1030-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 975-.
Godrej CP -BuyGodrej Consumer Products made a massive run in the 2020 -2021 period and made an all-time high of 1138. But post this the stock was in downtrend and corrected 40% from the top. During this correction the price had formed a strong support around the price Level of 690 which happens to be 0.618 Fibonacci retracement level. A large base is confirmed and hence the stock has seen a sizable upside.
There is higher high and lower low formation, so one can buy the stock when it closes above1085 with a Sl of 1070 and a target of 1100 to 1120. The stock is consolidating currently and is forming a Flag pattern which is one of the continuation patterns. Volume at the upper side of the range is increasing which adds considerable strength. The stock looks good from daily, weekly, and monthly perspective with ADX rising and volume confirming the stock it is suggesting strong momentum.
Conclusion -The setup looks poised for a good move in the up-coming weeks. A gradual move towards the level of 1100 to 1120 is possible.
Weekly chart looks good for investmentGodrej consumer showing a good pattern on the weekly timeframe for Long.
Above 810 can go for long with SL 764.
GODREJCP - Ichimoku Bullish Breakout Stock Name - Godrej Consumer Products Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1052
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
# Ichimoku Followers
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GODREJCP
Prices have cleared its resistance zone of 950-980 decisively.
Price behavior visually looks similar to previous bear phase move between 2019-2021.
If the past price behavior is to repeat, we could witness a strong rally to form a new high around 1250.
Bullish outlook remains valid as long as price sustains 900.
Godrej Consumer - Swing Trade || 2nd April, 2023 #stocksAnalysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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Godrej Consumer is a hold until it goes below the trend line.Trailing stop loss below the trendline. The upmove has been vertical so the risk is always there.
Godrej consumer Products breakoutGodrej Consumer Products gave breakout
Good to keep on radar for long side
Shake off in Godrej Consumer productsThe big red candle would have compelled most of the retail investors to sell and get out of the script. I see this as a shake out before a big rally. Views please
