GODREJ CONSUMER PRODUCTS
A few sessions back GODREJ CP has given a breakout after forming a bullish "FLAG ANF POLE" pattern.
Points to Note:
1. Daily RSI is showing bullish divergence against the price.
2. Daily MACD has given a positive crossover and has just cut the 'Zero Line' signalling a bullish trend.
3. GODREJ CP has been consolidating for the last 6-7 sessions in the 25-30 points range.
4. It has good support near 930-940 levels and resistance around 975-980 levels.
5. If you go by pattern long term target is around 1250 a potential of (40% upside from current levels).
Those all are my views and are only fr knowledge purposes only. Act wisely.
Points to Note:
1. Daily RSI is showing bullish divergence against the price.
2. Daily MACD has given a positive crossover and has just cut the 'Zero Line' signalling a bullish trend.
3. GODREJ CP has been consolidating for the last 6-7 sessions in the 25-30 points range.
4. It has good support near 930-940 levels and resistance around 975-980 levels.
5. If you go by pattern long term target is around 1250 a potential of (40% upside from current levels).
Those all are my views and are only fr knowledge purposes only. Act wisely.
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