BREAKOUT EXPECTATION, SWING TRADE, GODREJCP
The stock has bottomed out and is now near to the previous high level. if it is broken we can see a good up movement. Since FMCG sector is been in a bearish mode for past 2 trading days, trade may take more time. Also a cup shaped pattern can also be observed.
SL can be placed according to personal risk apatite.
NB: This is not a stock recommendation, just sharing my views only
SL can be placed according to personal risk apatite.
NB: This is not a stock recommendation, just sharing my views only
NOTE: There is a Inverted Head and Shoulders pattern formed in weekly chart, so i am expecting a good movement in the stock, but it will take time.