Godrej Consumer: Long Position Idea

26 May 2021

Buy around 825 - 830
TGT: 867
SL: 798
RR: 1:3

12 Haz 2021

İşlem aktif

Target Reached Successfully!!!

Recommendation:
It is prudent to keep SL instead of booking profits.

At this point, we can keep our SL at little below low of last candle.
In this case it would be at 883 ( Previous low: 886.10)

We will keep on trailing our SL as price advances.

17 Haz 2021

İşlem kapandı: hedefe ulaştı

We can book profit by selling stock @ 908
Profit achieved = 10% (908 - 825) in 22 Days!

Reasons to Book:

1. Bearish Harami Candlestick Pattern has been formed at the top.
2. Price is trading below bearish candle.
3. RSI came down from overbought zone