GODREJCP has completed all phases of DownTrend , now is time for a "U" turn.
Entry : Strong Breakout-Closing Abv Blue Line
Stoploss : Lower end of channel drawn (Closing Basis)
Basic Target: 683 then trail
if you have any queries regarding above idea or any other stock feel free to D'M
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Referring to my post on Godrej CP on 09th April, I got the information why high deliveries are seen in this counter. If you want to know you may visit:
www.moneycontrol.com
Levels are mentioned on chart.
Open to discuss here.
we believe that discussion will bring more informative information for the same.
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Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
IF IT CROSSES 666, THEN IT WILL MOVE UP TO 676 MAX.
STOP LOSS AT 662.
IF IT DROPS BELOW 663, THEN 637 IS THE FIRST TARGET AND MAY GO BELOW ALSO.
IN OUR OBSERVATION IT SHOULD GO DOWN TO 620 LEVELS.
BUT, WHAT DISTURBS IS THE HIGH DELIVERY PERCENTAGE.
One can Look for selling April Futures , as per description in the chart (please add the price difference form cash to Future) and book near the target area
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
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GODREJCP
