Investors have paid higher prices over time
to buy Godrej Consumer Products Limited
and the stock is in a rising trend channel in
the medium long term. Rising trends
indicate that the company experiences
positive development and that buy interest
among investors is increasing.
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The stock
has broken a resistance level in the short
term and given a positive signal for the
short-term trading range. There is no
resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 940 rupee. RSI diverges
negatively against the price, which
indicates danger of a reaction downwards.
The stock is overall assessed as
technically positive for the medium long
term.