GODREJCP fut broke above triangle pattern on an hourly chart with trading above VWAP & upper BOLLINGER band. Also broke above harmonice pattern. In all it looks very promising for mentioned target.
Could be bought with mentioned stoploss & target.
godrejcp fut is on the verge of breaking out of rounding bottom formation pattern on an hourly charts.
Could be bought here or on breakot above 1272 with mentioned stoploss & target,
This chart is self explainatory nothing much to write just writing for the sake of criteria. but make sure you take it only for educational purpose only. I know its a late catch but there is still some movement left and who knows it may fall much more !!
Key Reference Points for Godrejcp Futures for tomorrow i.e. 7th Aug 2022.
These Reference Points can help one to initiate or exit a trade.
I am not Sebi registered.
This is for education and research purposes.
#GODREJCP last trading session formed bearish patern,
today trading our retracement area 887-900,
once break 887 level, it will move lower tgt 873-856 in
comming trading session.
Godrejcp can do a better position on Cup BO on a Weekly and Monthly basis can expect a 20 to 30% up move after Bo. Good Frying pan Chart pattern on a daily chart can expect Targets till 970 with Sl 925. Good Chart Structure.
Godrej CP is trying to retest it's breakout level. Any closing above trendline at which it is taking resistance can take the stock to 980 level or any closing candle below 955 can lead the stock towards 938 to 930 level. This is my personal analysis. Comments are welcome.
