Double bottom at 200MA in Godrej Properties

May 3

Godrej properties has shown good double bottom reversal pattern nr 200 moving average this can be good sign of reversal.

While the pattern is bullish we need to wait for targets to achieve as it might take resistance of 50ema as it has done in past.

If it gives another higher swing low there could be good buying opportunity with better risk rewards.

As per pattern target of 2900 can come by end of 2025.

May 19

Note

Has made third bottom. need to see if it gives breakout above 2260

Jun 21

Trade active

Long 2270
SL 1930
Target 2880