Buy Godrej Comsumer Product, target Rs 1,650: Ashish Kyal

Ashish Kyal of Waves Strategy Advisors is positive on Godrej Consumer Products Ltd. The expert has advised traders to buy the stock with a target of Rs 1,650 and maintain a stop loss at Rs 1,500 in intraday trade. The stock has touched a high of Rs 1,573.70 and low of Rs 1,548 so far in trade. The stock is trading above its crucial moving averages. It has taken support from its 20-day moving average in the past one month.