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.....
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...
