BREAKOUT EXPECTATION, SWING TRADE, GODREJCP

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GODREJ CONSUMER PR (NSE:GODREJCP)

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NSE:GODREJCP GODREJ CONSUMER PR

trendanalysis chartpattern breakout breakouttrading bullish long cup

The stock has bottomed out and is now near to the previous high level. if it is broken we can see a good up movement. Since FMCG sector is been in a bearish mode for past 2 trading days, trade may take more time. Also a cup shaped pattern can also be observed.
SL can be placed according to personal risk apatite.
NB: This is not a stock recommendation, just sharing my views only

Komen:

broken and moving up.
NOTE: There is a Inverted Head and Shoulders pattern formed in weekly chart, so i am expecting a good movement in the stock, but it will take time.

Penafian

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