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AI Analysis of GODREJCP.NS
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Green day on Thursday for Godrej Consumer Products Limited stock after gaining 1.36%
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.36% PDF

The Godrej Consumer Products Limited stock price gained 1.36% on the last trading day (Thursday, 28th Mar 2024), rising from ₹1,235.05 to ₹1,251.80. During the last trading day the stock fluctuated 3.22% from a day low at ₹1,220.25 to a day high of ₹1,259.50. The price has risen in 6 of the last 10 days and is up by 4.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 238 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately ₹1.67 billion.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.81% during the next 3 months and, with a 90% probability hold a price between ₹1,289.30 and ₹1,434.16 at the end of this 3-month period.

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GODREJCP.NS Signals & Forecast

The Godrej Consumer Products Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹1,222.68 and ₹1,230.96. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Godrej Consumer Products Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹1,175.40 and ₹1,168.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Godrej Consumer Products Limited finds support just below today's level at ₹1,175.40. If this is broken, then the next support from accumulated volume will be at ₹1,168.10 and ₹1,103.90.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹39.25 between high and low, or 3.22%. For the last week the stock has had daily average volatility of 2.57%.

Our recommended stop-loss: ₹1,201.30 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (GODREJCP.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Godrej Consumer Products Limited to open at ₹1,243.85, and during the day (based on 14 day Average True Range), to move between ₹1,217.06 and ₹1,286.54, which gives a possible trading interval of +/-₹34.74 (+/-2.78%) up or down from last closing price. If Godrej Consumer Products Limited takes out the full calculated possible swing range there will be an estimated 5.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹1,254.55 (0.22%) than the support at ₹1,175.40 (6.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Godrej Consumer Products Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Godrej Consumer Products Limited stock to perform well in the short-term.

Current score: 1.843 Buy Candidate Unchanged

Predicted Opening Price for Godrej Consumer Products Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹1,243.85 ( 0.635%) ₹1,251.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GODREJCP.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,283.10 2.50 %
R2 1,268.11 1.30 %
R1 1,258.84 0.563 %
Current price: 1,251.80
Support S1 1,228.86 -1.83 %
S2 1,219.59 -2.57 %
S3 1,204.60 -3.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,267.45 1.25 %
R2 1,257.70 0.471 %
R1 1,254.55 0.220 %
Current price 1,251.80
Support S1 1,175.40 -6.10%
S2 1,168.10 -6.69%
S3 1,103.90 -11.81%

GODREJCP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 09, 2023 Nov 09, 2023 Nov 09, 2023 ₹0 0%
2 Jan 06, 2020 Feb 05, 2020 Feb 18, 2020 ₹2.00 0.322%
3 Oct 04, 2019 Nov 14, 2019 Nov 28, 2019 ₹2.00 0.277%
4 Jul 04, 2019 Aug 08, 2019 Aug 23, 2019 ₹2.00 0.333%
5 Apr 04, 2019 May 10, 2019 May 28, 2019 ₹2.00 0.298%

FAQ

What is the symbol for Godrej Consumer Products Limited Stock and on which exchange is it traded?
The symbol for Godrej Consumer Products Limited is GODREJCP.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Godrej Consumer Products Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Godrej Consumer Products Limited stock to perform well in the short-term.

How to buy Godrej Consumer Products Limited Stock?
Godrej Consumer Products Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Godrej Consumer Products Limited Stock.

What's the current price of Godrej Consumer Products Limited Stock?
As of the end of day on the 2024-03-28, the price of an Godrej Consumer Products Limited (GODREJCP.NS) share was ₹1,251.80.

What is the 52-week high and low for Godrej Consumer Products Limited Stock?
The 52-week high for Godrej Consumer Products Limited Stock is ₹1,314.30 and the 52-week low is ₹897.00.

What is the market capitalization of Godrej Consumer Products Limited Stock?
As of the 2024-03-28, the market capitalization of Godrej Consumer Products Limited is 1.28T.

When is the next earnings date for Godrej Consumer Products Limited?
The upcoming earnings date for Godrej Consumer Products Limited is May 08, 2024.
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About Godrej Consumer Products Limited

Godrej Consumer Products Limited Godrej Consumer Products Limited, a fast-moving consumer goods company, manufactures and markets personal care and home care products in India, Africa, Indonesia, the Middle East, the United States, and internationally. The company offers household insecticides, wet wipes, air fresheners, hair colors, soaps, hair extensions, wet hair, hair relaxers, depilatory products, hair fixing sprays, hair styling products, fabric care, personal wash and hyg... GODREJCP.NS Profile

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