#GODREJCP price climbs 2% on July 17 after global brokerage firm CLSA maintained 'outperform' call on the stock with a target price of Rs 715.
On 17th July stock created the Doji candle after 6 day narrow range trend and bounce back from horizontal support level 694 and also closed above trendline 700.55
Showing Mix result in Technical Parameter:
Divergence between DI+ and DI-
CCI is treading UP
MACD is treading down above 0
RSI is treading UP and reverse from support line
Stoch is treading down
MFI is treading down
New Long
----------------------------------------------------------
Support : 691 and 684
Breakdown : 696
LTP : 700.55
Breakout : 706
Short Target : 710 and 715
----------------------------------------------------------
Positive & Negative Point:
1) Very bullish in Daily/Weekly/monthly chart
2) NR7 and Doji candle
3) Close within 52-week high
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
On 17th July stock created the Doji candle after 6 day narrow range trend and bounce back from horizontal support level 694 and also closed above trendline 700.55
Showing Mix result in Technical Parameter:
Divergence between DI+ and DI-
CCI is treading UP
MACD is treading down above 0
RSI is treading UP and reverse from support line
Stoch is treading down
MFI is treading down
New Long
----------------------------------------------------------
Support : 691 and 684
Breakdown : 696
LTP : 700.55
Breakout : 706
Short Target : 710 and 715
----------------------------------------------------------
Positive & Negative Point:
1) Very bullish in Daily/Weekly/monthly chart
2) NR7 and Doji candle
3) Close within 52-week high
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
Trade closed: target reached
Hit the target 710 and also made low near 692
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.