GODREJ CONSUMER PRODUCTS
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Is it a fakeout??

Recently the stock has given a breakout from the ascending triangle. But the breakout did not have a strong volume break or follow through. Hence it moved into the triangle and got support again at the lower ascending trend line. Considering this as a deep pullback test, i will go long above 1120 or at minor support zone of 1100 with a small quantity. Will add further more when it breaks successfully 1155 which is the all time high.

Entry - Around 1090 - 1100 if it gets support from here or above 1120.
SL - 1080
T1 - 1135
T2 - 1145
T3 - 1155
T4 - 1200

For study purpose
Thanks.




İşlem aktif
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Target 1 and 2 are done by 2nd may.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.