Could you please advise on short- and long-term view of Godrej Consumer Products and CORE Education and Technologies? Is it right time to buy these stocks?
Vishal
Godrej Consumer Products (Rs 554.9): Godrej Consumer Products is in a multi-year bull run. The stock recorded the high of Rs 601 in June and is currently trading close to this peak. The long-term trend in the stock is up. It has strong support in the region between Rs 370 and Rs 406. Long-term investors can hold the stock as long as it trades above this band.
Break below Rs 370 will drag the stock to Rs 346 or Rs 289. Long-term target on a strong break above Rs 600 is Rs 755.
Short-term supports for the stock are at Rs 480 and Rs 458. Investors with greater risk appetite can use declines to these levels to accumulate the stock with stop at Rs 455.
