GODREJCP FUTURESGodrejcp Jan Futures made inverse head n shoulder pattern on 30 min TF with good OI build up.
Could be bought with mentioned stoploss & target.
GodrejCP1!29-11
Daily chart of GodrejCP1!
LTP: 867
Candles are trading above EMA support at 851.05 which is bullish and the manual support is at 821.00
First resistance (manual) is at 883.65 which will be my first target.
RSI is bullish as well (above 50 and in an up trend)
GODREDGE Consumer is breaking outGODREDGE consumer is breaking out
Triangel & falling wedge with volume
RSI also strong
See all ideas
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Frequently Asked Questions
The current price of GODREJ CONSUMER PR FUTURES is 1,256.70 INR — it has fallen −0.63% in the past 24 hours. Watch GODREJ CONSUMER PR FUTURES price in more detail on the chart.
The volume of GODREJ CONSUMER PR FUTURES is 1.04 M. Track more important stats on the GODREJ CONSUMER PR FUTURES chart.
The nearest expiration date for GODREJ CONSUMER PR FUTURES is Nov 28, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell GODREJ CONSUMER PR FUTURES before Nov 28, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For GODREJ CONSUMER PR FUTURES this number is 10.94 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for GODREJ CONSUMER PR FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for GODREJ CONSUMER PR FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of GODREJ CONSUMER PR FUTURES technicals for a more comprehensive analysis.