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.
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.
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.
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.