GODREJ CONSUMER looks good for short term gain
CHART -> Godrej Consumer DAILY SETUP
As seen per charts, there are few things to note:
1. It was trading under a Bearish Trendline since 15th September, and now it seems to have came out of the Bearish Trendline.
2. A Morning Star can be seen while breaking out of the Bearish Trendline, with significant volume.
3. That breakout of trendline and morning star has formed at the support level of 200 Days Moving Average.
4. Stock is trading under a Darvas Box kind of structure with upper boundary of the box is around 960.
It should be a good buy when we get a daily close above 960 Rs, for a short term gain.
As seen per charts, there are few things to note:
1. It was trading under a Bearish Trendline since 15th September, and now it seems to have came out of the Bearish Trendline.
2. A Morning Star can be seen while breaking out of the Bearish Trendline, with significant volume.
3. That breakout of trendline and morning star has formed at the support level of 200 Days Moving Average.
4. Stock is trading under a Darvas Box kind of structure with upper boundary of the box is around 960.
It should be a good buy when we get a daily close above 960 Rs, for a short term gain.
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