GODREJ CONSUMER

Hello and welcome to this analysis on GODREJ CONSUMER - flagship co of the Adi Godrej and a dominant player in the FMCG Segment.
In the daily time frame it has activated a Head & Shoulder breakdown.
As long as it is below 765 it could slip further down to 710-700
Price is now near 740PE which has the highest OI but is seeing Short Covering while 750CE is seeing Fresh Shorting
Risk Reward looks good.

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