Hello and welcome to this analysis on GODREJ CONSUMER - flagship co of the Adi Godrej and a dominant player in the FMCG Segment.
In the daily time frame it has activated a Head & Shoulder breakdown.
As long as it is below 765 it could slip further down to 710-700
Price is now near 740PE which has the highest OI but is seeing Short Covering while 750CE is seeing Fresh Shorting
Risk Reward looks good.
In the daily time frame it has activated a Head & Shoulder breakdown.
As long as it is below 765 it could slip further down to 710-700
Price is now near 740PE which has the highest OI but is seeing Short Covering while 750CE is seeing Fresh Shorting
Risk Reward looks good.
Trade closed: target reached
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