GODREJCP trade ideas
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
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Positive & Negative Point:
1) Very bullish in Daily/Weekly/monthly chart
2) NR7 and Doji candle
3) Close within 52-week high
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(Disclaimer: This is only for educational purpose and paper treading.)
GODRJECP
This chart was shared on 13th July, and just see how its getting rejected on upper levels of 704 and 708 as shared in the chart.
Now recommended to enter only above 708 for 716, 720. If someones wants to hold they may for 724 and 729
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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GODREJCPNSE:GODREJCP
GODREJCP can be entered with a stop loss of 685 for targets of 704, 708 and 716
Stop losses can be trailed to 700 if the stock goes high on opening.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Godrej Consumer Products in Overbought zone on all indicatorGodrej Consumer Products is running UP since 14 treading session and very bullish .
Showing BULLISH in all indicator:
CCI in Overbought
RSI in Overbought
MFI in Overbought
Crossed Last month High
Stock outperforming from Benchmark and Sectoral Index
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Support : 680
Breakdown : 700
LTP : 717.30
Breakout : 720
Short Target :746
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(Disclaimer: This is only for educational purpose.)
GODREJCP : Buy coming soon..A good buy opportunity for 50+ points coming soon.
Wait for the down move to come first ( pink arrow ) and then could take the trade as per Blue arrow.
Trade only on reversal signs for UP side please.
Trade carefully.
IF you like my forecast, please click on LIKE so that more and more can see my chart and trade and can make money.