GODREJCP trade ideas

koolshanin

Godrejcp trading near the trendline is facing resistance and can be shorted for lower targets. Entry 1825 Average entry 1283 & 1277 SL 1879 Conservative SL Target 1 1755 Target 2 1707 Reward min 70 Reward max 118 risk 54 ROR1min 1.3 At first part book level ROR2max 2.2 At last target

Trade-Wealth Updated 

GODREJCP made breakout on weekly charts, it is expected to move further highs. Buy zone 1700-1720 for target of 1800. SL 1680

bearishbull1968 Updated 

stock is in uptrend with zig zac moves in the past now reaching crucial zone might see a short term weakness below 1659 1627/1601/1586

Trade-Wealth

RSI Bearish divergence on daily charts. short for target of 1600.

bearishbull1968 Updated 

stock looks good for a rise towards 1725/1745/1780 above 1700

nextgen

Godrej Consumer has been trading in up trend channel and approaching channel resistance around 1732 before expiry.

pravinpatil26 Updated 

Symmetric triangle formation in Godrej CP..... In futures GodrejCP showed 8.2% increase in OI.... The stock is likely to mov upwords after breking symmetrical traingle.....

NeeteshJain

It is been observed that in the range of 1550-1565, there is a high selling pressure that takes the prices down to lower levels. Today price action showed tremendous weakness at that range level that formed a long red candlestick with a upper wick showed price rejection on higher levels. I would recommend shorting it for a while until the price action breaks above...

NeeteshJain Updated 

Price action is building lower lows, can expect a target of 1492