Godrej CP stock had been in a downtrend but formed a double bottom pattern and broke out of its support level, indicating potentially strong bullish moves going forward. The stock hit a one-month high, jumped over 10% in the last two weeks, and is currently trading above its 50-day moving average, all signaling a positive long-term uptrend. Technical analysis identifies support levels of 663 and 704 if the trend continues upwards.