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Price and trend forecast of GODREJCP for Tomorrow, Weekly, Monthly

Godrej Consumer Products Limited

Symbol: NSE:GODREJCP

ISIN: INE102D01028

1,235.45

As on 2024-12-06

1,015.70 (52W Low) 1,541.85 (52W High)

GODREJCP's Today's Performance

Godrej Consumer Products Limited started the day by opening at 1,251.00 today 2024-12-06. Its shares reached a high of 1,255.00 and dipped to a low of 1,230.60 in intraday. When the markets closed, GODREJCP’s stock price settled at ₹1,235.45 per share. Also check out its key support and resistance levels.

GODREJCP Buy/Sell Targets

Tomorrow, sell GODREJCP when its price reaches ₹ 1,235.45 with a stop-loss order at ₹ 1,248.68. You can set the target price as ₹ 1,222.23 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of GODREJCP for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for GODREJCP

Downside Targets Value in ₹
Tomorrow Down Target 1 1,250
Tomorrow Down Target 2 1,265
Tomorrow Down Target 3 1,275

Important Levels for GODREJCP

Holding Levels Value in ₹
Tomorrow Up Target 1 1,226
Tomorrow Up Target 2 1,216
Tomorrow Up Target 3 1,201
Based on where the stock opens tomorrow, if GODREJCP opens on a positive note, our first target will be ₹1,250. If Target 1 is achieved, we will aim for Target 2 which is ₹1,265.

But if GODREJCP falls below the average value of ₹1,240.35, you can enter a sell side position with target number 1 - ₹1,226 and second target - ₹1,216 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of GODREJCP

Looking at GODREJCP, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, GODREJCP has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GODREJCP is moderate bearish.

Tomorrow's Volume based share price Forecast for GODREJCP

GODREJCP's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 39%.

Reversal detection for GODREJCP

Predicted trend chart of GODREJCP tomorrow for price forecast
GODREJCP may trend may continue to be bearish since stock is making lower low and we can get target of ₹1237 in morning tomorrow
Target 1 tomorrow1250
Target 2 tomorrow1255
Target 3 tomorrow1265
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with GODREJCP's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if GODREJCP opens on a positive note, our first target will be ₹1,250.10. If Target 1 is achieved, we will aim for Target 2 which is ₹1,264.75.

But if GODREJCP falls below the average value of ₹1,240.35, you can enter a sell side position with target number 1 - ₹1,225.70 and second target - ₹1,215.95

GODREJCP's Weekly Targets
1st Up Target 1,255.23
2nd Up Target 1,275.02
1st Down Target 1,215.43
2nd Down Target 1,195.42

As the week for GODREJCP ended on bullish sentiments, we can expect further continuation of this sentiment. GODREJCP's initial target will be 1,255.23 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,215.43 in the upcoming week.

Weekly OHLC Values
Open 1,225.00
High 1,255.00
Low 1,215.20
Close 1,235.45

Week for GODREJCP started with an open price of 1,225.00, and the close was at 1,235.45. GODREJCP reached the highest of 1,255.00 and dipped lowest up to 1,215.20 last week. This indicates a bullish sentiment for the week.

GODREJCP full month swing targets
Monthly Up Target 1 1,295.03
Monthly Up Target 2 1,314.82
Monthly Down Target 1 1,175.63
Monthly Down Target 2 1,115.82

Targets of ₹1,295.03 can be expected to be reached in the coming month. Once GODREJCP achieved this target, we can aim for the next upside target of ₹1,314.82.

GODREJCP if fails to hold upside, down targets of ₹1,175.63 and ₹1,115.82 can be achieved by end of this month.

For complete three weeks if GODREJCP is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as GODREJCP

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

GODREJCP is expected to reach the target of 1,250.10 in tomorrow's trading session.

After achieving the initial target in GODREJCP, we will aim for higher targets of 1,264.75 tomorrow.

However, if GODREJCP starts to trade below ₹1,240.35, then we will shift our focus to the sell side and aim for down targets of 1,225.70 and 1,215.95.