Market insights
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf.
- good for intraday trade
- entry is strictly inside the zone
- SL is day close above zone
- for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers).
- don't trade , if u didn't get selling confirmation inside zone
- if day close is above this zone , this pattern becomes invalid , ignore this pick
GODREJCP (Godrej Consumer Products Limited) - Swing tradeClosing Price: ₹1,320.05
Change %: 1.1%
Volume: 1,121,198
High: ₹1,329
Godrej Consumer Products saw a 1.1% rise with a relatively lower volume compared to the others. However, closing near its high suggests positive momentum. Given its strong brand presence and stable growth in the consumer goods sector, GODREJCP could continue to perform well in the short term.
Kindly conduct thorough analysis and consider market conditions before making any trading decisions.
Consumers are accumulating !Some Support and Resistance Zone you can find in chart,
Trying to explain real example
1 Candlestick
Bullish engulfing
Inside Bar
2 Support
3 Resistance
4 Consolidation
5 Expectation
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Reversal Descending Triangle pattern in GODREJCPGODREJ CONSUMER PRODUCTS LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Descending Triangle Pattern.
📈 It can give movement upto the Reversal Final target of Above 1251+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1370+.
📈 Can Go Long in this stock by placing a stop loss Below 1150-.
Godrej Consumer Products, a good buyGodrejCP is making an inverse head and shoulder at 30 min
It has retested the weekly resistance level which may act as a support now.
On daily timeframe, it has made a doji on 50 EMA support, which also shows reversal
Apart from that it is happening on FIB golden zone
A very high quality trade indeed
GODREJCP
NSE:GODREJCP
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose






















