Godrej Properties
The stock has fallen about 56% from its highs and the charts are still not at their best, meaning it could fall further.
Now the question is how much further?
The next support that I got from it from monthly and weekly charts are at 865- 740, this is the zone, where it consolidated earlier and saw a massive move on the upside.
Major...
Godrejprop made rouning bottom pattern or saucer pattern on hourly chart with good volumes.
Also broke out of november highs.
Could be bought with mentioned stoploss & targets.
GodrejProp CMP 1258
We can see that my trend has turned bullish
also candles also turned bullish
As long as we hold 1190 levels (red line)
I am expecting it to touch 1675 levels (green line)
Vedang :)
Chart is for study purpose only!!!
GODREJ PROPERTIES - The CRAB pattern
A breakdown below point B has initiated targets for point D, however since consolidation is going on, we will wait for a breakdown below 1130, to initiate fresh shorts.
Buy CMP 1200
Target 1470/1700/1938/2480+
Stop-loss 1130
#GODREJPROP #nifty #banknifty
Note: I'm not a SEBI registered research analyst or not a Financial Advisor, this is for educational purposes only, Before trading please consult your financial adviser.
Godrej Properties Limited is a real estate company engaged in construction and real estate development.
GODREJ PROPERTIES is Bearish Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Real Estate
Industry: Real Estate
Will sell Godrej Properties as it has made M pattern and there is weekness in the chart. Rising interest rates in India and upcoming recession in US will reduce the disposable income, higher loan rates and people will delay buying properties. All these factors will add dampener to the property market and therefore selling on each rise strategy will make much more sense.
In godrej Properties we are correcting against the higher degree wave (1) that had moved till 2598. From the chart it can be observed that we have completed the correction at 1129.55 which is the recent low. Keeping this low as invalidation we can see that we have completed minute wave (i) and we are standing at low of (ii). We can witness higher price action in ...
