GODREJ CONSUMER PRODUCTS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1012+.
✅Can Go Long in this stock by placing a stop loss below 979-.
Godrej Consumer Products Ltd is one of the leading Fast Moving Consumer Goods (FMCG) companies in India. The company has five product segments namely Household Insecticides, Soaps, Hair Colours, Liquid Detergents and Air Fresheners. The company has established a strong international presence through a slew of acquisitions over the years. GCPL is among the largest...
Price continue falling made lower low
Price always support Trendline & also 200DEMA dynamic support are same.
no buy no sell as now.
View are neutral.
Macd indicate Bearish
RSI Bearish
Wait for trendline support.
Disclaimer This is my personal view for education purpose only.
GODREJCP for Sep-Oct
The chart is self-explanatory ...
All Entry, Target, SL clearly given on chart
***I am not SEBI Registered. All my charts and analysis are only for educational purpose not for trading purpose.
A CLear BREAKOUT from a major resistance, bullish daily close, beautiful support on a trendline, and the next resistance is 16.55% above.
Godrej Consumer and The FMCG Index have been on the uptrend for the last one year. Codrej CP has been taking beautiful support on a trendline which can act as a stop loss and today this stock has given a BREAKOUT from a major...
chart looking stronger in this counter and it is likely to touch 1200 on or before independence day.
tight your seat belt for a boeing 707 journey.
educational purpose only
We can see the Godrej Consumer Pr is making ASCENDING TRIANGLE PATTERN in daily timeframe. We know ASCENDING TRIANGLE PATTERN is bullish pattern so i am avoiding to take sell side position. This is my personal reason to take only Long side trade if price breakes and closes above 986.30 level. The stock is in consolidation zone about 16 months. So as per my...
Bearish RSI Divergence is evident on the chart. It would be a clearer indication if the RSI turns down making a lower high and price trades below the weekly low of 1001. If price trades below 1000 and if closes on the daily below that level, we could expect a target of 930.
NSE:GODREJCP
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
Market sentiment are very nagetive stock traded in a range for the day if breakdown below 918 than targets of 902 can be seen and if stock breakout above 927 a quick target of 935 can be achieved but markets are very nagetive therefore short target should be made
Godrej consumers give a good breakout of it's strong resistance and also make cup and handle pattern breakout soo
Buy it at 956
Target 977 989 1018
Sl 924
Godrejcp gave trendline breakout on 1D time frame,
If it sustain above 958 looking tgt 975-980++ in very short term.Also it is looking good positionally;
Keeping on radar Godrejcp 960 CE.
