Triangle breakout in Godrej Consumer

Godrej consumer products is giving a breakout from triangle pattern which gives opportunity for quick 4% to 5% gains.

Stop loss can be considered at 973 levels on daily closing basis. Immediate support can be considered at 950 levels.

It is already trading in overbought zone, so opening a new position can be slightly risky.

Strict following of stop loss is required.

Please do your own research before making any investment decision.

Dagangan ditutup: hentian tercapai