GodrejCP is looking strongGodrej CP is looking for breaking the trendline resistance since Nov 2021. if it sustains above 945, it will zoom to 1000++ very soon.
GODREJCP trade ideas
GODREJCP : Contraction near 52-week HighCMP: 930
- Bounced from the 50 EMA
- Trading near 52-week High
- Contraction near the resistance zone
Needs to be watched carefully👀
Good swing pickhe stock gave a triangle breakout .. Buy above one day closing price for both intraday and positional further move.
Godrej ConsumerPrice is at trend line support. Buy above 923 with the stop loss of 918 for the targets 928, 933 and 938. Sell below 915 with the stop loss of 920 for the targets 910, 905 and 900. The habits you form during trading decides your consistency.
Intraday buy IdeaThe stock is making a cup and handle pattern on DTF.
Buy above 921 level for intraday targets of 925 and 928.
If it closes above 921 level on daily basis the stock can test 950 level is very short term.
Learn & Earn,
Dr. Tanya Kumar
Godrej Consumer Products Ltd. LongStock is in range of 870-910 since 12th Dec-22. Stock is moved up to 916 today ( 5th Jan-23) with good volume. If, Stock is sustained go higher above 930, then we can see bullish trend in this stock.
Note : I am not SEBI registered investor. This article is only for learning purpose.
Godrejcp can breakout of the channel patternGodrejcp can breakout of the channel pattern - Can add to your watchlist for a breakout trade.
For study purpose only.
#GODREJCP890 is the ICMC
890.35 is the retested value
That's how precise is NimblrTA
890+0.1% is 890.89 is within the retested range.
#GODREJ Godrej Consumer 1W: It is moved almost 15% in last one month. Relative strength excellent. 3 wave is in play. RSI has given BO before price & MACD is turning +Ve. Price is ready to BO above 940. Keep fingers crossed,
Godrej CP - in process for inverted H&S PatternGodrej CP - in process for creation of inverted H&S Pattern , Can it will complete the formation
GODREJCP POTENTIAL BREAKOUT ABOVE 957GODREJCP dailychart can be seen forming Cup and Handle Pattern. A potential breakout can be seen above 957.
Disclaimer- This trade setups is for educational purposes only.
Bullish analysis on GODREJCPStudy:
1. Stock bouncing from Trend line support.
2. Stock bouncing from Support zone.
3. Short term trend line breakout.
4. Ready to give Symmetrical triangle pattern breakout in hourly chart.
Target and SL are as shown on chart
GODREJCP - price is trading close to its support levelGODREJCP - Price is taking upport on its Demand Line, and the current trend is positive. RSI Bullish Divergence and price action indicating strength.
This trade will be low risk and great reward, in my viewpoint.
Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below.
Thank you
[ Positional ] GODREJCP Long Trader: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart tells "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 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 a gut feeling. It is always some reason.) that 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 primarily 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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Godrej CONSUMERAs per wave theory the 5th wave is about to start. A good period of consolidation could be analyzed. Fresh volume are also identity. A good time to enter with low risk and a high reward. Nevertheless it is a play of a probability and therefore always enter after calculating your risk apatite. #godrejconsumer
Broadening Wedge Pattern reversal in GODREJCP.GODREJCP
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Broadening Wedge Pattern Pattern .
📊 It can give movement upto the Reversal target of Above 1015+.
📊 Can Go Short in this stock by placing stop loss below 790 or last swing Low.
GODREJCP_GOOD BUYING OPPORTUNITYGodrejCP looks good on chart to go long.
Please do your analysis before entering into trade. (For educational purpose only)
Hold - godrej consumerDon't panic if you have Godrej Consumer in your portfolio.
Why is the stock price falling?
The stock price is declining. Because Godrej Consumer's management recently published a report in which they stated that "may be in Q2FY23 EBITDA margin can go down due to commodity price and inflationary pressure."
GODREJCP ready to move upThis stock has been in a downtrend. Few days earlier, it has broken out of trend reversal double bottom pattern. Also retested the the neckline couple of times. In fact, both the times, it went below neckline and again came up with a huge volume. This clearly suggest that strong buyers are standing below that level. The stock is consolidating near it's downward sloping trendline. After watching the huge volume near double bottom pattern, one can easily guess that this stock is getting ready to break that trendline and move higher. Swing traders must add this stock in watchlist.
