Godrej CP Godrej CP in a wide range of 90 points, the overall structure is bearish, put this stock on a watch list for swing trade
GODREJCP trade ideas
GODREJCPSwing trade, Breakout stock, Banknifty Intraday Outlook also posted here.
Disclaimer - Trades are only for Learning.
StopLoss is only in our hand. So, Always use it. StopLoss hit exit. Again you will got fresh trade.
Godrej Consumer Products Ltd - 27.05.2022Godrej Consumer Products Ltd - 27.05.2022
The stock is trading @ 784 levels
The prices are above EMA
There is a SPINNING TOP & DOJI in Daily Chart
There is a HAMMER in Weekly Chart
There is a STRONG SUPPORT @ 751 levels
The ideal buy entry is 777 & above
Watch out for the price action
Weak market good for SHORTStock laying on trendline as well as 90D support if the trendline broken with full volume. Then may consider shorting the stock.Entry can be made after 1Hr candle close and cross
Entry : 740 Below
SL : 770(TSL)
Expectation : Really Bearish
NSE:GODREJCP
GODREJCP - Support Breakdown possibleGODREJCP is testing is support zone at 750 repeatedly. There are high chance that it breaks it support tomorrow for possible short trade.
Sustaining below 745-748 is very critical as false breakdown are common to trap traders.
In case of gapdown, wait for pullback till 745-748 and once stock start falling, it will give good RR trade.
Entry below 747
Thanks
Piyush Gupta
Learn & Earn
GODREJ CP LOOKS BULLISH - CUP AND HANDLE PATTERNGODREJ CP looks bullish above 830.
we can see cup and handle patten in daily chart. we can also see longterm down trend breakout. after trending above 830, we can see more upside.
Entry - 831
Target - 910 , 945
sl - 790
(Educational purpose only.)
GODREJCP looking bullish if closes above 800Looking bullish if closes above 800, double bottom and consolidation on trend line. Wait for daily candle close above 800
GODREJCP#GODREJCP has retraced to the BO zone and now on the move. Buy with a SL below the demand zone.
Double Bottom pattern in GODREJCP.Today's session look at the Double bottom pattern in GODREJCP. This indicates a strong bullish move in this stock. According to this pattern expected target is 870+.
Double Bottom BreakoutGodrejcp made a double bottom pattern, given breakout of the neckline area then retested and now again going ahead.
Possible TGT for the swing could be 805 & 840 in upcoming session.
Building long position in Godrej CPTranche 1 of 67 shares @ 753
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Currently lower lows (market in decline stage) | for me this is a good time to start building position
2. Is there any trend reversal in play?
1. Currently no... price in decline despite having a fair Q3 result
2. At important support or resistance - horizontal - Yes brought at correction up to 200 EMA weekly
3. At important confluence of EMAs + price + support - Yes - Weekly 200 EMA
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - Lower Lows
4. Is there any trend continuation in play?
Yes, the lower trend looks to continue... would add more 650 level
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No, breaking down
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth... PE is lowest compared to EPS growth since Dec 2020
2. Are institutional investors/promotors increasing their stake - Slight decrease in FII but lapped up by DII and some by public
GODREJCP cmp 785 GODREJCP good move candles form Double candle stick - Bullish Engulfing
also bounce from Demand zone with double candle stick pattern
trend line in weekly timeframe
also Daily ,hourly weekly symbolization in line with Monthly also
GODREJCP long trade with multiple supporting reasonsGODREJCP showing some buying activity at demand zone and candlestick pattern(kind of marubozu) also indicates of a probable reversal as the 8th March and 9th March 2022 candles have same lows of 660.05. Buying around 700 with SL of 660 for target 770,830
Double bottom retest!!!!After a downtrend stock gave double bottom patten ..Its indicating trend reversal..
Then gave breakout from that pattern ,now it retested its breakout level with good amount of volume.
Look good for swing and positional.
This is only for educational purpose.
Godrej consumer productsprice has formed double bottom pattern. preceding downfall is supporting the pattern. if breakout sustains then good move will come towards the next resistance. Good to observe for learners
GodrejCP - Showing bullish strength with double bottomStock has formed double bottom bullish reversal pattern after very good retracement on long term demand zone.
one can plan entry near 765 with strict SL of 740 (6%) for the target of 12%-15%.
DISCLAIMER: For education purpose only, do your own analysis or consult your financial advisor before taking position.
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GODREJCP BUY :- 775
SL :- 750
TARGET : 900 TO 920
In the chart form best double bottom pattern.
buy with you own analysis...
