#GodrejCPNSE:GODREJCP has given a fresh breakout today. We might see good upside momentum in coming days
GODREJCP trade ideas
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.
head and shoulders, wait for breakoutWait for break out of head and shoulders pattern for 900
educational purposes only.
Godrejcp - Intraday Trade SetupGodrejcp CMP - 727.25
Looking bullish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Buy at or Above 729 / Stop Loss 722
Target 1 - 733
Target 2 - 737
Target 3 – 740
Disclaimer: This is my view and for educational purpose only.
GODREDGE CP can breakout from Inverted H/S patternGODREDGE CP can breakout from Inverted H/S pattern, its in uptrend on 30min time frame too
GODREJCP - On crucial supportGODREJCP is sitting on a trend line support.
With nearly 72% delivery percentage on 9th December, I think accumulation is done and it is ready to give big upside move.
Rebound Strategy Opportunity in GodrejCPThe stock seems fundamentally good. Got a 10 EMA cross over above 30 EMA a couple of days ago. Price entered the range in between and gave a bullish jump above 10 EMA.
The marked target seems easily achievable. May also hold on further until the 30 EMA breaks the price downwards.
Godrej CP CMP 710.Godrej Consumer - 710. Recently its 20 EMA crossed 50EMA which is bullish sign. went upto a high of 725 and is available at 710. MACD is bullish with little pause in its momentum. RSI taken support. Can be taken with SL of 675 and below for a target of 758, 852, 964. General upbeat in FMCG sector now is another factor making it a lucrative buy. It is for educational purpose. People may consult experts before taking investment decsion.
Long - GODREJCP with Inverted Head and ShoulderHi Investors,
GODREJCP is one of the strongest FMCG stocks. And on top of that, it is giving a strong Inverted head and shoulder pattern. Risk to reward is 3 and price has potential to break above 970.
LONG
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BUY at current price (718-720)
STRICT STOP LOSS = 647
Short term Target = 970
Long term Target = 1200-1300
I hope you will benefit from this knowledge
-MetaVish
PS: Twitter handler = MetaVish.
Godrej Consumer: Time to Buy: IndiaGodrej Consumer: Time to Buy: India
A Profit & Solutions Strategy
GODREJCPIm not an expert im just sharing my views on GODREJCP for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Godrej goes down for a little timeIt's in support level. We need to go for short position. Target - 682
Stop Loss - 687.50
GODREJ CP GODREJ CP MAY GO FURTHER FROM HERE . BUY @ 688/ TARGET 722+ / STOP LOSS 653. ONLY FOR LEARNING PURPOSE
Godrejcp - LongGodrejcp CMP - 669.55
Looking bullish in higher time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Buy at or above 676.50 / Stop Loss 669
Target 1 - 681
Target 2 - 685
Target 3 – 680 / 695
Disclaimer: This is my view and for educational purpose only.
godrej cp, ready to goflag pattern , price already gave breakout and came back for testing , now taking support of demand zone . should move up from here. first arget should be 700, 2nd 750. in long term can go upto 820
Godrejcp - Intraday Trade SetupGodrejcp CMP - 664.80
Looking bearish in higher time frame. One can go Intraday Trade with the following entry, exit & targets
Sell at or below 663 - 662 / Stop Loss 670
Target 1 - 658
Target 2 - 653
Target 3 – 650 / 645
Disclaimer: This is my view and for educational purpose only.
