Godrej consumer Products breakoutGodrej Consumer Products gave breakout
Good to keep on radar for long side
GODREJCP trade ideas
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
4th May 2023|| GODREJCP - Intraday Levels Marked OutAnalysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 4th May, 2023
2. The analysis for the 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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godrejcp rising wedge for bearish 1. rising wedge
2.trendline breakdown
3. expected to form abcd harmonic pattern
4.trail sl for good results
Godrej Consumer looks great on weekly and daily, Buy
Weekly chart - C wave (long term) is positive, As is the Daily Chart
Breaking out and then pulling back into support. Buy at support levels of 930-920 for target of 1000 + (3 ATR) in 3-5 weeks time
Keep stop below - 1 ATR (14 day ATR) around 900 levels. Ideally buy call spreads for April on this
Godrej Consumer Cmp 980 Rectangle & Flag PatternGodrej Consumer Cmp 980 dated 21-4-2023
1. Flag Pattern
2. Rectangle Consolidation BO @ 980 (done)
3. RSI flag Pattern BO
Buy above 991 for target 1015-1065 SL 970
Triangle breakout in Godrej ConsumerGodrej consumer products is giving a breakout from triangle pattern which gives opportunity for quick 4% to 5% gains.
Stop loss can be considered at 973 levels on daily closing basis. Immediate support can be considered at 950 levels.
It is already trading in overbought zone, so opening a new position can be slightly risky.
Strict following of stop loss is required.
Please do your own research before making any investment decision.
GODREJCP- Bull Trap to Breakdown SELL!Attached: Daily Live Market Chart as of 25th April 2023
Price put in a Breakout and turned out to be a False Breakout triggering a Rising Wedge Breakdown instead
Targets mentioned in Chart, Stop Loss as per Risk Appetite or today's High
[3BBR] Entropy Buy IdeaNote -
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 in "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.
"Positional" - means You can carry these 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" , "Bounce" , "3BB" or "Entropy" - My own systems.
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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 because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the 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.
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lonnnnga good buying seems on the stock so lets go and get it
2 targets are there go and grab each f them
GODREJ CONSUMER BULLISHGodrej consumer looks good bullish on daily chart after breaking a down trend line resistance of triangle and close above on daily candle basis MACD indicator gives also a positive crossover so we can expect a target of 1016 in it in coming days from here.
TARGET
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝐄
GODREJCP (INTRADAY)GODREJCP broke out of triangle pattern on 30 min TF with decent volumes.
Could be bought with mentioned stoploss & targets for intraday.
Godrejcp Falling wedge breakooutGodrejcp falling wedge pattern breakout. Last time we took position when it was 921. This time it will surely touch 960,980.1000.
GODREJCP - 35% RETURNS!!!BUY - GODREJ CONSUMER PRODUCTS
CMP - Rs. 967
Target - 1: Rs. 1066
Target - 2: Rs. 1132
Target - 3: Rs. 1312
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Technicals - Ascending Triangle Breakout
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Follow me for more!
GODREJ CONSUMER TARGET 1107GODREJ CONSUMER monthly double bottom breakout. Weekly ascending triangle breakout. If it opens and sustains above 975 and it will reach 1107
Godrej CP on the verge of a Weekly breakoutWeekly chart breakout seen in GodrejCP. Target can be around 1000.
VIEW ON GODREJ CPKeep a watch on this stock
After yesterday's breakout on the daily charts.
I am just representing my views
For educational purpose only.
Godrej Cosumer Products Limited Long PositionalStock is on Bullish wedge from current level it will test next resistance area as it showing good strength and good volumes to upside.
Buy at or above 930 Stop loss 915 keep couple of points buffer.
Targets 935,945,955 and 960.
Bearish view for intraday.price got rejection form this zone several times and in lower time frame it look bearish so if it get rejection in lower time frame from this zone then it is good for short. view for intraday is bearish.
GODREJCPGODREJCP:- Ascending triangle pattern has formed, wait for a proper breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Godrej ConsumerProducts- Near to Strong resistanceGodrej Consumer product is tending to break its long term triple top resistance .Also a short term cup and handle formation happened. So upward movement is sure .
Buy GodrejCP- Good accumulation done
- Make lower low an going to make higher high on weekly chart
- Now @61.8 % retracement level as well as on 52 week high so feel some resistance here.
- If break and hold 957 level on weekly basis than 1000-1035 level possible.
- View negated if closed below 895 level on weekly basis.
