GODREJCP : Morning Star Pattern at Support

6 Oca

Godrej Consumer Products has given breakout near 1100 and now it is retesting its level and making a Morning Star Candlestick Pattern on Support this is a good sign for a stock.
There is a Saying in stock market "Retest Stocks are the best Stock"... if it will follow this proverb we can get a good profit with Trailing Stop-loss..

All data is available in public domain..

CMP : 1140
TG : near ATH
SL : Doji's low

Stock's selection based on 5 Point Analysis:
1: Idea : Breakout Retest.
2: Support : Volume, Delivery .
3: Technical : Morning Star Candlestick Patter at support.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.

Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk.
Please consult your financial adviser before taking any decision.

6 Oca

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