GODREJCP trade ideas
#GODREJCPBO12 formed
TGC with strength
CCI crosses 100
Bottom is confirmed
Reversal confirmation
Crossing 697.80 will move towards 741.90
Bottom confirmed on W charts
Bullish Wedge seenac
Godrej Consumer - Daily Chart Analysis - Short term Investment pGodrej Consumer - Daily Chart Analysis - Short term Investment purpose - CMP 670.95
Symmetrical Triangle breakout Already done ( Yellow Triangles)
getting ready for Cup and Handle breakout buy above 682 Closing basis
Targets - 710- 735 - 764 - 800 - 820- 845+
SL - 620 ( Closing basis)
GODREJ CPGODREJCP - Breakout upside given. Volume good at breakout. BUT CURRENTLY AT 50 EMA on daily TF so can bounce back down. SL 664 or 658.
On 4hr TF 50 ema already crossed. so upside more stronger
GodrejCP long above 640- After quaterly results price held above result day low.
- Consecutive red closing with dropping volume after the results.
- Break above 640 gives a good entry point with stop below result days low of 626.
- If price manages to break above 656, can expect move towards 680-682 level.
Wait for next candle on DF and you will have a nice trade. At very crucial support, if breaks god knows where it will stop. I am hoping for a green candle, and then will take long position.
Godrej Consumer1) Triple bottom
2) RSI divergence
3) All consumption stocks have bottomed out
4) SL 660
Godrej CPA possible harmonic pattern is on it's way. This finishes at 785.45-795.90 and from there a reversal confiemation.
GODREJ CP - WHY HIGH DELIVERIES??Referring to my post on Godrej CP on 09th April, I got the information why high deliveries are seen in this counter. If you want to know you may visit:
www.moneycontrol.com
