Godrej CP forming a double bottom formation.
Wait for the formation to complete. Also once can enter as soon as it breaks the pattern for upside else after re-test of the formation.
The first target can be the above trendline (840 LEVELS).
Once the above trendline is broken and it sustains above 850 levels, we can see it further move till 1000 and 1100 levels as well.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Wait for the formation to complete. Also once can enter as soon as it breaks the pattern for upside else after re-test of the formation.
The first target can be the above trendline (840 LEVELS).
Once the above trendline is broken and it sustains above 850 levels, we can see it further move till 1000 and 1100 levels as well.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Trade active:
Great move in this. If it breaks the trendline, a strong bullish move is coming ahead.