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Dhwani Patel

23rd May · SEBI-Registered Analyst

$GODREJCP - Descending triangle

Godrej Consumer is forming a descending triangle pattern, reflecting repeated selling pressure near the falling resistance line while support around ₹1,000 continues to hold. The pattern suggests volatility compression and a potential breakout move as price approaches the apex of the structure. A sustained breakout above the descending trendline could trigger bullish reversal momentum, while a breakdown below support may accelerate downside pressure. $GODREJCP

#TechnicalViews#Post-ClosingCommentary#Today’sTradingSetup#StockInNews
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