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vipulmehta817

GODREJPROP at Confluence of Supports

Long
GODREJ PROPERTIES (NSE:GODREJPROP)  
vipulmehta817  
NSE:GODREJPROP   GODREJ PROPERTIES
Trend Analysis Chart Patterns GODREJPROP godrejpropanalysis godrejproperties godrejproplong 200wma 200ma support supportandresistancezones
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trendanalysis chartpattern godrejprop godrejpropanalysis godrejproperties godrejproplong 200wma 200ma support supportandresistancezones
GODREJPROP chart on the weekly time frame is holding at a bunch of old supports. The stock is bouncing off its 200WMA from where it has bounced every time it has touched, since the beginning. The stock is also bouncing off 1225 support/resistance zone.

Looks like a great buying opportunity for 1-2 years for the stock to go up and ultimately reach its all-time high zone of 2600. Stop loss at risk-management zone of 1130.
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