DIWALI PICK - GODREJ CONSUMER PRODUCTS
Godrejcp gain around 3.20% of open interest as long build up on Monday’s trade. It is trading near its resistance level of 986, While on daily chart Godrejcp formed squat bar.
Now what to expect??
Hurdle at 986, above 986 rally remain continue till 1040--1080++ mark in days to come. Three consecutive close+ weekly close above 1100 will see further upside rally in it.
Support and stop loss below 945.00
Current chart pattern and derivatives data suggest that we expect further rally in coming sessions.
Trading Recommendation (10th Oct 2017)
Buy Godrejcp above 986 Stop loss 945.00(on closing basis) Target 1040--1080+++.
More will update soon !!
