Prestige Estates Projects Limited (NSE: PRESTIGE) is currently showing an aggressive intraday recovery, trading up at 1,385.30 (+0.60%) after bouncing sharply from its session low of 1,340.60.
The stock has been undergoing a healthy correction over the last few months, dropping roughly 24% from its 52-week highs. However, it is now entering a high-volume accumulation zone supported by massive fundamental tailwinds. The company recently hit a major milestone, crossing ₹30,024 crore in pre-sales for FY26 (a massive 76% YoY surge), driven by a blockbuster response to its Prestige Golden Grove project in Hyderabad and aggressive land acquisitions in Gurugram, Mumbai, and Chennai
With the crucial Q4 FY26 Board Meeting scheduled for tomorrow, May 21, 2026, to declare audited results and final dividends, the risk-to-reward ratio for a long setup right here is exceptionally compelling
The Trade Setup
Strategy: Swing Long (Buy on Dips / Breakout Confirmation)
🎯 Entry Range: 1,365.00 – 1,386.00 (or on a confirmed daily close above 1,390.00)
Key Targets:
Target 1: 1,497.35 (Immediate structural resistance & psychological milestone)
Target 2: 1,566.50 (Mid-term supply zone)
Target 3: 1,657.10 (Major breakout extension target)
Risk Management:
Stop Loss (SL): 1,315.00 on a daily closing basis
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
The stock has been undergoing a healthy correction over the last few months, dropping roughly 24% from its 52-week highs. However, it is now entering a high-volume accumulation zone supported by massive fundamental tailwinds. The company recently hit a major milestone, crossing ₹30,024 crore in pre-sales for FY26 (a massive 76% YoY surge), driven by a blockbuster response to its Prestige Golden Grove project in Hyderabad and aggressive land acquisitions in Gurugram, Mumbai, and Chennai
With the crucial Q4 FY26 Board Meeting scheduled for tomorrow, May 21, 2026, to declare audited results and final dividends, the risk-to-reward ratio for a long setup right here is exceptionally compelling
The Trade Setup
Strategy: Swing Long (Buy on Dips / Breakout Confirmation)
🎯 Entry Range: 1,365.00 – 1,386.00 (or on a confirmed daily close above 1,390.00)
Key Targets:
Target 1: 1,497.35 (Immediate structural resistance & psychological milestone)
Target 2: 1,566.50 (Mid-term supply zone)
Target 3: 1,657.10 (Major breakout extension target)
Risk Management:
Stop Loss (SL): 1,315.00 on a daily closing basis
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.