gyanmuni

Godrej Properties - VSA Concept

Short
NSE:GODREJPROP   GODREJ PROPERTIES
1. Lots of Wicks implying supply while moving from 911 to 1100.
2. The up move happened with low volumes.
3. A good resistance zone was tested 4 times.

Current Close- 1062.4
Entry - Near to 1070.
Target - 1030/985/950

The Idea will be invalid if it breaks out and closes above 1085 with the above-average volumes.
Trade closed: stop reached: Still I m not convinced the move above 1085. Looks choppy!.
I am closing the trade as it has moved above 1085.