Big Breakout Alert! Negative Momentum in GODREJPROP & ESCORTS

Aug 5, 2024

GODREJPROP

• The stock's price has been following an upward trend within a parallel channel.
  
• Recently, the stock broke through the lower boundary of the channel with a powerful bearish candle.
  
• With pessimistic market sentiment, it is anticipated that the stock price will continue to correct, presenting a chance to take a short position.
  

ESCORTS

• Following the emergence of the bullish Pole & Flag pattern, the stock experienced a significant upward surge backed by robust momentum.
  
• After reaching an all-time high close to the 4,400 level, the stock retraced and eventually formed a Double Top pattern signaling a potential bearish trend.
  
• A recent breach of the pattern's neckline to the downside suggests further downside potential for the stock.