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Godrejconsumeranalysis

Godrej Consumer Looking to bounce from channel bottom.Godrej Consumer Products Ltd is one of the leading Fast Moving Consumer Goods (FMCG) companies in India. The company has five product segments namely Household Insecticides, Soaps, Hair Colours, Liquid Detergents and Air Fresheners. The company has established a strong international presence through a slew of acquisitions over the years. GCPL is among the largest household insecticide and hair care players in emerging markets. In household insecticides, it is the leader in India and the second largest player in Indonesia. Further, its manufacturing facilities located abroad in South Africa produce a range of personal care products and hair colour products. Godrej consumer Limited CMP is 982.95. The Negative aspects of the company are High Valuation (P.E. = 60) and FIIs are decreasing stake. The positive aspects of the company are No debt, Zero promoter pledge, MFs are increasing stake, improving annual net profit and improving cash from operations annual. Entry after closing above 987. Targets in the stock will be 1002, 1009, 1029 and 1042. The stock can be compounded after each level. Long term targets in the stock will be 1066, 1084 and 1102. Stop loss in the stock should be maintained at closing below 960. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:GODREJCPLong
by Happy_Candles_Investment
Ascending Triangle Pattern In GodrejConsumerPr(Daily Timeframe)!We can see the Godrej Consumer Pr is making ASCENDING TRIANGLE PATTERN in daily timeframe. We know ASCENDING TRIANGLE PATTERN is bullish pattern so i am avoiding to take sell side position. This is my personal reason to take only Long side trade if price breakes and closes above 986.30 level. The stock is in consolidation zone about 16 months. So as per my understanding it has gain sufficient momentum to show the upside rally in further trading sessions. Entry = One can initiate the trade in the long side if prices successfully breaks and closes above 986.30 StopLoss = Stop Loss below 943.10. The reason behind placeing stoploss below its recent support level because i have seen many times the price could take support exactly at recent support level and went up so to avoid Stop Loss to be hit i have given some buffer/ Tolerance to the Stop Loss. I always believe in Factor of Safety. Target = I have marked 2 targets (1)1071.55 (2)1137.85. But you can exit your trade if price is about to hit your target levels. If your 85% - 90% target achieved then you can exit from your trade to avoid further volatility(If you want to play safe).
NSE:GODREJCPLong
by Avinash9087