We have been tracking all sectors . We were looking weakness and relative weakness in FMCG sector over last few months.

We are looking for shorting opportunity in Godrej Consumer. Lets look at performance of Godrej consumer relative to FMCG Sector. It is underperforming whole sector from last 1 year. Does this underperformance will keep continue ? Its looks yes until we have evidence of outperforming.

If look at daily chart it is taking support at 625-630 multiple time, this time it looks like that supply is more compare to demand in Godrej consumer. Looks like if we break 630-625 on closing basis then Would like to short for tgt 510-480 Risk:reward seems favourable.

Looks like weakness across market and downward sloping moving average looks we will break 630-625 and move towards more downside. Remember will like to short below 630-625 only. Sometime trade does not work straight Above 634 we will not like to hold shorts whenever it close above.

As Risk is well defined & Reward seems good enough to take such trades.

let us know your views about same on WhatsApp

Join 3400+ Subscribers on Whatsapp

Getting our Timely Alert of Trading Opportunities Right away

We publish  chart of the week & important Market Alerts. So you don’t have to worry about relentless updates.

If you’re not already a Premium club Member, you can register here  and check out the Trade Ideas !

Some of the Recent Chart of the week performance shared with you:

@ Feb 21 Tataglobal from 187 to 197.85 ! Holding amazing profit of Rs 22500  on risk of  Rs 13500 Click here to Recall chart of the week given to you last week.

@ January 19 Axisbank from 655 to 710 ! Booked amazing profit of Rs 66000 on risk of 6000 Rs Click here to Recall chart of the week given to you.

 @ December 23 Rpower from 28 to 20 ! Booked amazing profit of Rs 1.28 lac  on risk of 18000 Rs Click here to Recall chart of the week given to you.

If you’re not  a Premium club Member, you can Join Niftymillionaire premium Club for traders here  and check out the Trade Ideas !

Niftymillionaire membership  @ Rs 16500 for 12 months Click here

You can whatsapp us on +919324855550 for any query or call us on 02230987899

Share me your views on cs@niftymillionaire.com would love to know your feedback !

Facebook Comments