Buy Godrej Consumer Products, target Rs 1306: Hadrien Mendonca
The stock has also managed to sustain above its short-term averages. Every decline in such a solid up trending stock should be an opportunity to accumulate, says Hadrien Mendonca of IIFL.
June 29, 2018 / 12:01 PM IST
Godrej Consumer Products has been in a sublime uptrend and our weekly chart analysis indicates that the stock has also broken out from a rising channel pattern.
The breakout has been accompanied with a smart uptick in traded volumes too. In addition, the stock has also managed to sustain above its short-term averages. Every decline in such a solid up trending stock should be an opportunity to accumulate.Disclaimer
: The author is Senior Technical Analyst, IIFL. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.