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IDTrader_IN
Nov 26, 2020 3:46 PM

Rebound Strategy Opportunity in GodrejCP Long

GODREJ CONSUMER PRNSE

Description

The stock seems fundamentally good. Got a 10 EMA cross over above 30 EMA a couple of days ago. Price entered the range in between and gave a bullish jump above 10 EMA.

The marked target seems easily achievable. May also hold on further until the 30 EMA breaks the price downwards.

Comment

The EMA conditions still intact and showing some positive bias. Can hold on.
Comments
palak1512
720 is tough resistance, today also failed to break. thanks for the idea. waiting to break 720
IDTrader_IN
@palak1512, Yes. I was overjoyed to see the move in the first 15 minutes. Reversed making a high of 719.60
IDTrader_IN
@palak1512, Touched 725 today!
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