Hello and welcome to this analysis on GODREJ CONSUMER - flagship co of the Adi Godrej and a dominant player in the FMCG Segment.
In the daily time frame it has activated a Head & Shoulder breakdown.
As long as it is below 765 it could slip further down to 710-700
Price is now near 740PE which has the highest OI but is seeing Short Covering while 750CE is seeing...
Godrejcp looking weak below 748.It will break 2 months low below 744.looking tgt 740-730++ in very short time frame.Also keeping on radar Godrejcp 740 PE.
Godrejcp broke out of strong resistance zone of 830-832 which got rejected multiple times, today its trading above it comfortably with decent volumes.
Could be bought with mentioned stoploss & targets.
Godrejcp made bullish butterfly pattern on daily charts with good volumes.
Buy at cmp or on dip till 765 with mentioned stoploss & intraday & positional targets.
GODREJCP, after making a double zig - zag pattern, looking for a breakout. One may enter after breakout and retest, by following strict stoploss as shown.
-Definitely not SEBI - Registered. So, this is only for educational purpose.
Invest wisely.
Godrej 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...
After multiple Retest of Demand zone,
Godrej Consumer Products Looking Bullish
at Current levels 725
Expecting with 800 - 850 levels
in Short Term
Keep stop loss below Demand zone.
Godrej Consumer weekly and the daily chart shows both ascending and descending channels. The stock is trading below 20,50,100 DMA.
If the critical support level of 800 is broken, more weakness can be seen in the stock and it might break down to fill the gap.
Stock Analysis : Godrej consumer has broken the wedge pattern and break out done as long as it is not breaking the below demand zone, expected target marked on the chart..Let's see
Looking bullish in higher time frame. One can go long with mentioned key levels in chart.
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Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
