GODREJCP trade ideas
Godrej CP_30% upsideDate: 21 Sep 2020
Godrej CP (CMP: 713.75)
Flag Pattern breakout on weekly chart. RSI above 50 and increasing MACD.
Target 915
T1- 755 T2- 835, T3- 915; SL- 635
Duration - 25 Jan 2021
At Important level - breakout Price for the third time in a row with small time reached the same resistance level so it has big chance to break this resistance level. Scalping would be best fit trade if breaks out.
If you are interested in this script after the breakout if price come back to the support level ( present resistance) then go for buy and look big.
Godrej Consumer on the verge of breakoutGodrej Consumer on the verge of breakout CRS above 0 SRS above 0 and ARS about to cross 0 line.
godrejcp sell positional in futures #sell positionally in range 735 to 742
keeping sl as 772 {stop loss is deep }
short term targets 717/697/672/
aggresive targets 666/634/616
status active
GODREJCP #GODREJCP
Godrej Consumer Products Ltd. is trading near resistance level.
Technical indicators are bullish.
If price trades above resistance level 727; breakout is expected
Near by resistance is 770 and support is 50 day sma(684) on daily chart.
KEEP A WATCH!!
Godrej Consumer - Confirmation of Bullish Engulfing Note: This is for educational purpose only.
There seems to be a confirmation of bullish engulfing pattern which buying volumes. RSI below 60 indicates still in neutral zone.
GODREJCP HAS TWO RESISTANCE ACTING ON ITGOREJCP HAS TWO RESISTANCE
1. LONG TERM TRENDLINE TRENDLINE
2. RECENT SWING HIGH
IF IT BREAKS THE 728 AND HOLD THEN ONLY LONG IS RECOMMENDED
IF IT BREAKS THE 700 AND SUSTAINS, MORE PAIN CAN BE SEEN. hOWEVER THERE IS TRENDLINE SUPPORT IS AVAILABLE.
GODREJCP : Trade SetupNSE:GODREJCP
Hi Traders,
GODREJCP is on resistance zone, if it break its resistance zone then it can try to hit our target.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Two possible outcomes2h candlestick patter is strictly following wedge lines as its dynamic s&r. the support band within had been breached and thus could act as a fresh level for a re-bounce. shall it get breached again, twice tested dynamic support could possibly cause a re-bounce and thus an uptrend. dynamic resistance acting as upper edge of wedge is in no position to as as one and this depending upon volume, it can go upto 800 levels.
1-day MACD line shows strong buy signal opposing to 2h MACD trend showing strong sell. markets may move down for a while before it regains an uptrend momentum
Godrej CP Ready for the blast tommorow - i.e. 17th Sep 2020Godrej CP Ready for the blast tomorrow - i.e. 17th Sep 2020 - Expecting a large move tomorrow.
