2024-10-16 10:02:45 am | Source: Religare Broking
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1420 - Religare Broking
Godrej Consumer Products Ltd
* FMCG Space recently is spotted with rebound after a set of healthy corrections and GODREJCP accompanied the same setup.
* Stock has witnessed a bounce over its long-term moving averages, i.e., 200 EMA
* RSI indicator reads the oversold zones, It is expected that the bounce can extend and retest its immediate resistance, i.e., 100 EMA.
* Traders are recommended to participate in the move with positive bias within the said range.
Buy Godrej Consumer Products Ltd CMP 1342.45 Range 1338-1344 SL 1286 Target 1420
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