GODREJCPKEEP AN EYE ON THIS ABOVE and BELOW LINE ********************************************************************************************************************************************* 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. ***********************************************************************************************************************************************by akkshay112
GODREJ CP, POSITIVE DIVERGENCE , LONG ERM BREAKOUT FUNDAMENAL-Godrej Consumer Products Ltd. expects sales to rise in the quarter ended September as demand remained stable across categories and geographies it operates in. In India, we expect to deliver close to low double-digit year-on-year sales growth this quarter, led by hygiene (including soaps) and household insecticides categories,” the consumer goods maker said in its quarterly update to the exchanges. That’s despite a marginal impact on household insecticides on account of regional lockdowns and resultant back-end supply chain disruptions. With a Covid-19 vaccine still some time away, customers are focusing more on health to avoid contagion. Ever since the outbreak of the novel coronavirus, that has infected more than 66 lakh people in India, sale of sanitisers to household disinfectants and insecticides has spiked. While many consumer goods makers have expanded their product offerings in the hygiene segment, some have forayed. Nisaba Godrej, chairperson and managing director at the maker of Good Knight and Hit insect repellants, had in August told BloombergQuint that the company plans to launch more hygiene products and household insecticides this year. She, however, didn’t provide any details about the number of products in the pipeline. The company also witnessed a sequential recovery in its hair colour and air freshener categories. These were severely impacted in the initial period of the lockdown as manufacturing of only essential items were allowed. *Region-Wise Performance* *Indonesia* Godrej Consumer expects to deliver low single-digit year-on-year constant currency sales growth this quarter, led by household insecticides and hygiene. It continues to see sequential recovery in air freshness. Business performance was marginally impacted by the worsening Covid-19 situation and stringent social distancing norms which were implemented from mid-September,” Godrej Consumer said in its update. *Africa, U.S. and Middle East* The company’s business recorded strong sequential recovery across most of its markets and expects to deliver close to low double-digit year-on-year constant currency sales growth in July-September. *Latin America and SAARC* Godrej Consumer expects sales performance in Latin America business to remain steady in constant currency terms. Its SAARC business continues to deliver healthy sales performance TECHNICAL- Positive divergence on chart( see the median of both te channels, rsi median is in upward direction while price is downward). we have also a breakout on price channel, which again is facing a supply zone(resisance) , after crossing this zone (i.e. 770) fresh entry can be taken. Longby Tradernawab0
Godrejcp breakout happened Target for upside is 800-900Godrejcp breakout happened Target for upside is 800-900Longby Karansingh011
R-0222 Short Term Cash Buy GODREJCP @727.00-730 SL 712 TGT 760Short Term Cash Buy GODREJCP @727.00-730 SL 712 TGT 760 MACD cross over + TK cross over + Above VWAP + Break first resistance of 696 and next one 741 if break then we see next level >800 so GO LONG.Longby brainmassfinance1
Godrej Consumer - Above 670 it good 2-3 month long tradeGodrej Consumer follows channel on weekly charts. It is coming out of 5-month downward channel. Rural growth momentum should see stable revenue in stressed environment. Household Insecticides will maintain good run in domestic market led by share gains and better penetration in rural markets; soaps regained growth momentum on improved supply and strong traction in key brands.Longby baniyabeast0
Rocket Deal #4Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:GODREJCP formed double bottom. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.Longby tsnaveen.eeUpdated 114
LONG planningSeems like sustained above 650 to 670 zone. Buying around this zone for target of next resistance 770, if still moves 840 seems possible. Experts opinion on this is welcomed. Trade at your own risk. Donate as part of appreciation. :) Thank You. Longby analystkumar0
GODREJCPAt 50Sma n trend line support If holds go for ling with some points below trend line as SL If breaks the trendline n sustains below go for short with sOme points above trendline as SL View Neutral to bullish (Follow the trend guys always follow the trend) Happy Trading.by abyjohnkutty0
R-0159 GODREJ CP LONGBUY 705-707 SL 690 TGT 736 Above VWAP + MACD cross over + TK line cross over go long in intraday. Longby brainmassfinance0
GODREJCP seems bearishAnticipatory trade, a relatively low probability trade. Please do your own research before trading or investing.Shortby yashwantk210
GODREJ CONSUMER PR TRAPPEDGodrej consumer is trapped in a triangle pattern. It'll give a breakout soon with good volumes hopefully.by fusiontrader17290
R-0083 Intraday Cash Sell GODREJCP @673-674.00 SL 684.50 TGT 653Intraday Cash Sell UBL @ 1000.50 - 1002 SL 1011 TGT 982 CROSS OVER => TK + MACD short Shortby brainmassfinance1
R-0082 Intraday Cash Sell UBL @ 1000.50 - 1002 SL 1011 TGT 982Intraday Cash Sell UBL @ 1000.50 - 1002 SL 1011 TGT 982 Cross over => TK + MACD on short sideShortby brainmassfinance2
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 ---------------------------------------------------------- Support : 691 and 684 Breakdown : 696 LTP : 700.55 Breakout : 706 Short Target : 710 and 715 ---------------------------------------------------------- Positive & Negative Point: 1) Very bullish in Daily/Weekly/monthly chart 2) NR7 and Doji candle 3) Close within 52-week high ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading.)Longby singajaiUpdated 3