Godrej Consumer- climbs 2% after CLSA statement - Doji
#GODREJCP price climbs 2% on July 17 after global brokerage firm CLSA maintained 'outperform' call on the stock with a target price of Rs 715.
On 17th July stock created the Doji candle after 6 day narrow range trend and bounce back from horizontal support level 694 and also closed above trendline 700.55
Showing Mix result in Technical Parameter:
Divergence between DI+ and DI-
CCI is treading UP
MACD is treading down above 0
RSI is treading UP and reverse from support line
Stoch is treading down
MFI is treading down
New Long
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Support : 691 and 684
Breakdown : 696
LTP : 700.55
Breakout : 706
Short Target : 710 and 715
----------------------------------------------------------
Positive & Negative Point:
1) Very bullish in Daily/Weekly/monthly chart
2) NR7 and Doji candle
3) Close within 52-week high
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
On 17th July stock created the Doji candle after 6 day narrow range trend and bounce back from horizontal support level 694 and also closed above trendline 700.55
Showing Mix result in Technical Parameter:
Divergence between DI+ and DI-
CCI is treading UP
MACD is treading down above 0
RSI is treading UP and reverse from support line
Stoch is treading down
MFI is treading down
New Long
----------------------------------------------------------
Support : 691 and 684
Breakdown : 696
LTP : 700.55
Breakout : 706
Short Target : 710 and 715
----------------------------------------------------------
Positive & Negative Point:
1) Very bullish in Daily/Weekly/monthly chart
2) NR7 and Doji candle
3) Close within 52-week high
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
Trade closed: target reached
Hit the target 710 and also made low near 692
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