1) Double bottom with negative divergence on a downtrend 2) sector has been negatively impacted due to rera for last 1 year 3) News - DSP MF buying Oberoi, Sunteck and Prestige in last few months 4) Risk - Home interest likely to be volatile due to currency and oil prices
keep trailing your sl , as it goes up!
Based on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 14-Jun-2018 for GODREJCP Sell Below(5Min candle close): 1166.1 for targets - T1: 1157.4 T2: 1152.1 T3: 1146.6 SL: 1175.4 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you...
Buy GODREJCP at CMP (1090+) T1: 1125 T2: 1200 SL: 1065
pullback in godrej properties expected
Short GODREJCP below 940 Target:875 SL: 975
GODREJCP is forming megaphone pattern on hourly chart SL: 1790 target1 : 1950 target2: 2025
Godrej Consumer has been trading in up trend channel and approaching channel resistance around 1732 before expiry.
Godrej industries is trading in upward channel on monthly chart. if it is give close above 435 is is good buying opportunities. target minimum 10% upside enjoy this trade
It is been observed that in the range of 1550-1565, there is a high selling pressure that takes the prices down to lower levels. Today price action showed tremendous weakness at that range level that formed a long red candlestick with a upper wick showed price rejection on higher levels. I would recommend shorting it for a while until the price action breaks above...
Price action is building lower lows, can expect a target of 1492