CannySunny

NIFTY REALTY - The Next Game Changer ?

Long
NSE:CNXREALTY   Nifty Realty Index
Very bullish on many Realty stocks since the index has completed a breakout and retest of resistance on a 12 year Box.
Also, from a pattern perspective, I see an Inverted Head and Shoulder Pattern which again is one of my favorites.

This space is a long term play and to get good returns, Patience will be the key.
The charts here are on Weekly Time frame which means the holding period should be not less than 3 months.
Hold it for over a year !

Some individual personal favorite picks from the sector are here below.
Red line - Stop loss (or as per your risk appetite)
Green Lines - Targets
Blue Line- Entry above Closing.

Prestige Estates - Puravankara - Godrej Properties - Oberoi Realty - Sobha - Brigade Enterprise - Mahindra Lifespace - Phoenix Mills -

*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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