GODREJCP trade ideas
[ 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.
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 951
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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Godrej CP - Intraday - Flag Pole breakout possibilityGodrej CP : Intraday View
Ready for Flag Pole Breakout
Long above 952 with SL 942
trade setup for the stock = this stock is expected to touch the REWARD level as shown in chart - in 1 hour timeframe.
trade setup for the stock =godrej-cpthis stock is expected to touch the REWARD level as shown in chart - in 1 hour timeframe.
GODREJCP for long sideTHIS stock spend good time in this consolidated area
godrejcp is in range breakout zone
when it will break 930 level then this is good price to enter the stock.
Focus On GodrejCPGodrejCP was travelling in ascending wedge pattern and in minor trend it was in a consolidated (range bound) for past 10 trading session and closed just above the consolidation zone & price engaging zone.
Go long if open above 929 and sustains for 5 mins atleast above 929.
Targets given.
Godrej Cp: Trend Change Analysis:
1) The stock appears to be bullish as it is rebounding from a support zone from which the stock gave a good rally.
Godrej Call trade @ 901Godrej is in uptrend, if Monday gives closing above 901 a 1:3 risk reward call trade would be activated. which can go up to 915 target coz supply zone around 920.
Target achieved :- godrej consumer As mentioned in chart posted earlier both the target achieved now i will ride the trend till exhaustion
Visit previous chart for more details
disclaimer :- this is for demonstration and educational purpose only. this is not buying and selling recommendation
Godrejcp for 12th Aug 2022Key Reference Points for Godrejcp12th Aug 2022.
I am not Sebi registered. This idea is for education and research purposes.
GODREJCP; PERFECT 30 PERCENT SETUPPERFECT setup for 30 percent gains; overall FMCG is bullish ; KEEP ON TRACK
Godrej Consumer Products ChartGCP is making flag and pole pattern , will give a fine breakout above 883 area and the stop loss would be the low of the candle
Range breakout. Bet on the upside.Breakout is likely to sustain and 930-960 levels possible in short term.
