GODREJ CPGodrej CP forming a double bottom formation.
Wait for the formation to complete. Also once can enter as soon as it breaks the pattern for upside else after re-test of the formation.
The first target can be the above trendline (840 LEVELS).
Once the above trendline is broken and it sustains above 850 levels, we can see it further move till 1000 and 1100 levels as well.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
GODREJCP
Swing trading opportunities ahead of the BudgetThe markets witnessed a correction ahead of the budget and RIL's Q3 earnings release. Here are some stocks and sectors that are there on our radar. Many of these opportunities in our watchlist depend on how the market action progresses over the coming week. What's your watchlist looking like? The complete list:
Monthly chart, sectors:
Auto.
Bank Nifty
Media
PSE
PSU Bank
Weekly chart, sectors:
Nifty
Auto
FMCG
Infra
IT.
Media
Weekly chart, stocks:
Bajaj Auto.
Britannia
HDFC Bank
Hero Motors
Infosys.
Maruti
Godrej CP.
IRCTC
Nazara
Nucleus
Sharda Crop
Compiled with @AVENUESOFINVESTMENT
Godrej Consumer Products H&S patternGodrej Consumer Products:
- Bearish Head &Shoulders pattern neckline BO done. RS line shows underperformance.
- Currently at crucial 200DEMA support, if breaks then downside up to 860/800/740 may be seen.
Only for educational purposes, not a buy/sell recommendation.
Ready to Take a Leap Along with TataConsum, another consumer sector stock GodrejCP also showed some strength and buying interest from some investors. BullPower Indicator has also been ready to cross BearPower indicator upside and price action shows its ready to take a leap in coming days.
Buy TataConsum strictly above 1065 with SL1030 for targets 1130-50 in next 1-2 months
For education purpose only. All disclaimers apply.
GOLD (XAUUSD) | The best area to buy🚀Hello traders, Gold in 4-hour timeframe, this analysis is prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
In gold, we were probably inside wave 2, which zigzagged and completed its last wave, wave c .
Within wave c the wave count is performed in such a way that it has the most normal count.
The c microwave wave, wave 3, has completed itself in my opinion, and now we expect the descent to form wave 5, which we will examine in more than an hour.
In general, we are currently considering the upward movement of gold as an impulse and a leader.
If the Fibo 0.78 of the 1713 area is completely broken, the probability of climbing decreases and another scenario that we mentioned in the daily time will occur.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
GODREJCP ::: BULLISHL O N G T E R M S I P T R A D E
DATE: 20 MAY 2021
INSTRUMENT: GODREJCP
TREND: BUY
TIME FRAME: DAY
CMP: 268.40
BUY ABOVE: 810 - 812
STOP LOSS: 800
TGT 01: 846
TGT 02: 857
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Godrej Consumer Products- Multiple BreakoutsStock has confirmed an inverse Head & Shoulder Pattern breakout.
Stock has also broken a long term trend line at the same point.
First resistance is around 850 levels post that previous all time high.
Inverse Head & Shoulder can take the stock to 1000+ levels in few months to an year.
Fundamentals are pretty strong on various parameters like earning, pedigree, growth & FMCG business.