Long term buy godrejcp
godrejcp is the perfect buy for long term as we see the log chart from 2002 it has exactly corrected two times during 2007 & 2018.
from the lows of 2008 i.e 30rs it has risen 33 times to reach the high 1000rs in 2018.
the same strong rise we are expecting for next ten to fifteen years from the recent lows in 2020 i.e 500 the target could be 500*33=16500.
with this stock has corrected perfectly in TIME wise
correction phase can be seen in parallel channel,
apr2006-apr2009
sep2018-sep2020
break out from parallel channel gives us the confirmation.
also stock has corrected perfectly with PRICE wise
from 2002 lows i.e 3.35rs to 2018 high i.e 1000rs stock has corrected exactly 50% i.e 500rs and it has bounced from 500rs and making higher highs which gives us the great confidence.
so,
TGT1 1350
TGT2 1600
BUSSINESS CYCLE (8-16yrs) TGT 16500
from the lows of 2008 i.e 30rs it has risen 33 times to reach the high 1000rs in 2018.
the same strong rise we are expecting for next ten to fifteen years from the recent lows in 2020 i.e 500 the target could be 500*33=16500.
with this stock has corrected perfectly in TIME wise
correction phase can be seen in parallel channel,
apr2006-apr2009
sep2018-sep2020
break out from parallel channel gives us the confirmation.
also stock has corrected perfectly with PRICE wise
from 2002 lows i.e 3.35rs to 2018 high i.e 1000rs stock has corrected exactly 50% i.e 500rs and it has bounced from 500rs and making higher highs which gives us the great confidence.
so,
TGT1 1350
TGT2 1600
BUSSINESS CYCLE (8-16yrs) TGT 16500
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