Stock of the day : Godrej Consumer Products Ltd by Target Rs. 1340 - Religare Broking Ltd

Godrej Consumer Products Ltd
Buy Godrej Consumer Products Ltd CMP 1257.20 Range 1252-1258 SL 1210 Target 1340
* GODREJCP has exhibited a bullish breakout by closing above a descending trendline.
* The stock manages to hold above important moving averages, including the 21, 50 and 100-day Exponential Moving Averages supported by rising volume, indicating growing investor interest.
* This technical alignment with the setup suggesting continued upward movement and confirmation of a sustained bullish trend.
* Market participants are advised to consider initiating long positions at the suggested levels.
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