1) 200 EMA broken
2) Formed Bullish Head & Shoulder
3) Resistance at 715 - 30
4) if resistance broken & forms a bullish sign or consolidation above 715 then look for upper side
Godrej JCP has come out of channel and has made double bottom however it is facing stiff resistance on the way up.
If the price sustains over 700 levels with good volumes then it is a buy.
Otherwise it is a sell with a SL of 700.
Breakout above green trendline with the retesting possible till red trend line. Can buy above green line if it shows good green candle. Else buy at time it takes support at red trendline.
Recent candle giving confirmation of a swing high and any closure below PDL will initiate short Trade 636 . Break of plotted resistance will make it higher and will initiate a long trade .
Godrej Consumer Products Limited is an India-based company, which is engaged in the manufacture of personal and household care products. The Company's geographic segments include Within India and Outside India. It offers hair care products. The Company's Personal Care range of brands includes Cinthol, Grade 1 soap, protekt, Soft & Gentle, Cuticura, Mitu and Pamela Grant. Its home care range of brands includes Good knight, HIT, aer, Ezee and Stella. Its hair care range of brands includes Ilicit, Touch of Silver, Roby and Renew. The Company focuses on regions, including India, Asia, Africa and Latin America. The Company offers a range of products in India, which include household insecticides, such as aerosols, liquid vaporizers, coils and mats; hair colors; soaps and air fresheners. Its protekt range of products consist of approximately three hand washes, a hand sanitizer and a personal mosquito repellent spray, including instant foam hand wash and alcohol-free sanitizer.
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GODREJCP
