Godrej Consumer products – Head and Shoulder – Bullish to bearish trend reversal

In Godrej Consumer,  December 2020 to February 2021 we can notice head and shoulder pattern.  This is bullish trend reversal to bearings.  Entry price is neck level price ie Rs. 734 on 15 February 2021.  Stop loss can be fixed at the right shoulder top being Rs. 760.  The difference between head top Rs.800 and neck level amounts Rs. 734 amounts to Rs. 66.  We  can subract Rs. 66 from 734 to arrive target price of Rs. 668.

Entry price for short : Rs. 734  Stop loss:  Rs. 760  Target price:  Rs. 668