GodrejCp Looking Bearish
GodrejCp
Giving a Good Short Opportunity
Market broke support and retested it as a resistance in Downtrend.
1800 resistance is a round level with high CE open interest, confirming it to be strong resistance.
A Bearish Engulfing Candle confirming the same.
200 EMA and 21 EMA acting as a resistance to the same.
SL above Bearish candle
Wait for Market to retrace till 1690
Target the next marked level
PE of 1400 costing 2500 looks good to Buy
Please take at your own risk. I am not SEBI registered
Giving a Good Short Opportunity
Market broke support and retested it as a resistance in Downtrend.
1800 resistance is a round level with high CE open interest, confirming it to be strong resistance.
A Bearish Engulfing Candle confirming the same.
200 EMA and 21 EMA acting as a resistance to the same.
SL above Bearish candle
Wait for Market to retrace till 1690
Target the next marked level
PE of 1400 costing 2500 looks good to Buy
Please take at your own risk. I am not SEBI registered
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