Trading_hawk

Simple Trade Setup | GODREJPROP | 03-08-2021

NSE:GODREJPROP   GODREJ PROPERTIES
NSE:GODREJPROP

Trade Setup

If it open below 1660 and breaks 1660 levels and trade above it then it will be a entry point for buy trade. And if it faces resistance then it will be short trade but short below 1655.
If tomorrow, it comes to test 1630 level and gets support then it will be a good entry for buy trade.
Book Partial profit on 1648 quickly on either side of the trade.

All the higher level will work as resistance to short from the top.

But always follow levels to trade. Keep your SL. All levels will work as resistance, support, entry & exit point on particular day w.r.t price action near that level.

Comment your suggestion or doubt.

Comments

good analysis .. I am sure Mumbai market re opened from lockdown .. this will help company and it will rise towards 1750 to 1800 in August series only
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Trading_hawk substantialFis86542
@substantialFis86542,
Thank you for your comment.

My personal view is bullish on this as well.
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I have taken august future at 1685 level waiting for 1725 .. any view
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Waiting for the chart and your analysis
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@swathikonakanchi

It will be uploaded soon Tonight
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It has come to 1630 for test now share is at 1659 the movement is as per your analysis
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Trading_hawk swathikonakanchi
@swathikonakanchi,
Thank you for your comment.

I will be posting further trade setup for tomorrow.

Hope you had good trading day Today.
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swathikonakanchi Trading_hawk
@Trading_hawk, Can you please provide Analysis for tomorrow on this stock
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Trading_hawk swathikonakanchi
@swathikonakanchi,
Hi
Levels remains the same.
These levels will act as support, resistance, entry and exit point w.r.t to how price action will work tomorrow near that level.
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swathikonakanchi Trading_hawk
@Trading_hawk, i have this in Aug futures 1630 can i hold it or book loss can you share your views
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