[Premium] Trade Of The Week
August 22, 2021
Today we will share one such idea that stands out from a risk-reward perspective.
Godrej Consumer Products has been gaining from strength to strength. In the week gone by, we witnessed a base breakout in this particular stock. The price moved past the level of 978 and broke out of a 3-year base. With this move, the indicator too is in the bullish momentum territory adding conviction to the setup.
We are bullish above the risk management level of 978, with a target near 1,320.
Thanks for reading and please let us know if you have any questions.
And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."
Allstarcharts Team