GODREJ CONSUMER PR NSE:​GODREJCP

stock might give a bounce above 701 towards 714/716 sl 695

PRICE IN DOWNTREND AND CURRENTLY FORMING A DESCENDING TRIANGLE .ANY BOUNCE TOWARDS THE UPPER TRENDLINE IS TO BE USED FOR SHORTING POST PRICE ACTION CONFIRMATION.TARGETS CAN BE HUGE IF THE BREAKDOWN HAPPENS.

Ref. chart

Holding the last support at 652. Target will be 712 in the event of return of bullishness.

closing below 672, can trigger exit!

Godrej CP

Sell

Long above 713 with SL 693 T1 718.8 T2 726.6 T3 730.7 T4 734.4 T5 738.7 Short below 693 with SL 713 T1 689.7 T2 685.35 T3 683.7 T4 680.2 T5 671.2

Long above 721.25 with SL 693 T1 726.6 T2 730.7 T3 734.4 T4 738.7 T5 741.6 T6 744 T7 748.5 Short below 693 with SL 721.25 T1 689.7 T2 685.35 T3 683.7 T4 680.2 T5 671.2

godrej consumers start falling after breaking the triangle in daily chart

Trade as mentioned in the chart

...Levels mentioned in chart

Trade on breakout.

Short below 779.7 with SL 805.85 T1 776 T2 771.7 T3 769.2 T4 765.6 T5 762.2 T6 758.7 T7 756 T8 751.4

Consolidating within a given range for a bullish breakout. Buy once breakout is confirmed for green lines as targets. All the best.

Sell 792.05 Stoploss 798.05 , Looks bearish now !!!!

Levels mentioned in the chart!

For Educational purposes only..