GODFRYPHLP trade ideas
[Options] Godfrey Philips Uptrend BreakShort 880 call options at 14
Buy 880 call options at 5
Payoff Graph: unofficed.com
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Analysis:
Your first task is to get the trend.
Using Bounce, Weekend - Any method is fine.
Now the important question is - What is the trade here -
The next step is analysing the monthly.
We can clearly see the stock is moving up in rather Steps.
Different people will have a different interpretation. Our job is to find a pattern and bank on it.
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The first trade will be shorting it
As the uptrend is now broken.
Now I decided to target I to the level where the uptrend initially started.
Now target 2 is where we can see from which it broke "BooB" alike pattern. We call it a cup and handle.
It forms generally at the end of downtrend or uptrend.
It is a small sideways consolidation where things try to break upside.
Target 3 is the swing low.
Do note - Each trade setup makes heavy money which is more than the salary of a normal person you will meet.
So the analysis is worth some money and time.
The loss will be nearly 42000 INR if it hits stop loss. Are you comfortable to lose 42K?
I am. But I will suggest not!
Hence, options
GODFRYPHLP : Buy on BO of the top.. As per my wave analysis, there seems to be a good possibility of buying this stock on BO of the top for a very good RR.
Happy trading guys..
View on GODFRYPHLP...Price trade in positive direction
one can look for buy above 875 closing for target of
900 , 930, 950 ,980 or 998
No selling till 732 zone
#GODFREY PHILIP CASH : LOOKS GOOD ABOVE 794#GODFREY PHILIP CASH
31 OCT 2018
LOOKS GOOD ABOVE 794
& DIPS 785-87
STOPLOSS 765
TGT 820/860
CMP 772
godfrey-trend is changingagain in this stock i have figured many patterns - trendline, rectangle
also inverse h&s
Godfrey Phillips Bounce Uptrend TradeEntry at 840 on 3 Aug, with Sl at 800.35
TSL updated at 832.6 on 16 aug
If sl hits, confirmed loss of 7.4 pts.
