GODREJCP -- TECHNICALS WEAK FOR SHORT TREM
https://www.tradingview.com/x/Zmi6Q6oA/
godrejcp looks weak short trem
feb 2 to feb 24 2023----prices couldnt breach 944 resistance level and there was a negative divergence in 3-6 MACD, RSI
24 th AND 27th february 2023---price breached both 16 and 50 days EMA ...Also 50 200 MACD crossed the signal line negatively ( after staying above signal ;line for 3 months )
march 1 -price restested 16 and 50 dasy EMA and confirmed resistance to these EMA
target 1-- 890
target 2 870 ( 200day EMA and pivot level --stronger support )
godrejcp looks weak short trem
feb 2 to feb 24 2023----prices couldnt breach 944 resistance level and there was a negative divergence in 3-6 MACD, RSI
24 th AND 27th february 2023---price breached both 16 and 50 days EMA ...Also 50 200 MACD crossed the signal line negatively ( after staying above signal ;line for 3 months )
march 1 -price restested 16 and 50 dasy EMA and confirmed resistance to these EMA
target 1-- 890
target 2 870 ( 200day EMA and pivot level --stronger support )
註釋
target 1 - 895 as mentioned/marked in the chart done
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