GODREJPROP - Stock showing reversal from Pre-Covid levels The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
GODREJPROP
#GodrejProperties Swing Opportunity NSE:GODREJPROP
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 1359.35
SL :- 1200 (Closing Basis)
Target 1:- 1499
Target 2:- 1609
Target 3:- 1734 and more Trailing basis
Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Godrej Properties Chart Analysis !!📈 Godrej Properties 📉
This Stock Broke out from a resistance zone of 1600-1640 which was tested several times and today managed to close above it with green candle.
This chart can be a long term proposition to go for because most favourable risk reward it’s offering with good base building also done on lower levels.
Bias - Long
Target - 1781, 1979, 2098, 2241, 2445
SL - 1525
RR- 1:5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalGodrej Properties
Stock at trendline Breakout level and also formed Head & Sholder pattern
Now trading in a resistance Zone
Buy at CMP or above 1660 levels for positional targets of 1780/1950
Keep SL at 1450 on closing basis.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
GODREJ PROPERTIES TREND REVERSAL?GODREJ PROPERTIES after severely falling from its highs has made a falling wedge pattern and given a breakout on a 1h time frame and is consolidating with a formation of "W" pattern and another wedge breakout around its crucial resistance zone of 1630-1650 levels ,once these levels are taken out good upside momentum upto the levels 1740/1770 can be seen and in case due to the war scenario or any kind of negative news comes in and the levels of 1530 break a quick momentum of 80-100 points can be seen on the down side .keep it on radar.
Long GodrejpropCurently Stock is at MonthlyDemand Zone. Trade is active, buy in part 1401 / 1350 / 1221.
for the target of 1659 / 1792 . strong close weekly close above 1792, Stock will move towards 1964 / 2161.
Stop loss will be weekly close below 1200.
Note: only risky traders can re-accumulate at 1062 / 1000 - For Long term Investors.
Godrej PropertyLong Opportunity*-
Godrej Property has given breakout move on the previous day & it is showing uptrend in 15M, 1D & 1H timeframe. Also, the CPR is narrow and at the upper side. CCI at +100 level. So, we can conclude that there will be a strong bullish trend expected in this stock. According to the Fib Retracement tool the last candle closes at a level of 0.5. So there is a high chance that this stock will take reverse and will continue a bullish move.
📊 #GodrejProperties Swing tarde Opportunity 🎯NSE:GODREJPROP
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Godrej Properties looking Good for Long Term BuyPrice is at Strong Demand Zone.
Price is the testing this major resistance turned support for the first time, so major probability is it will not break, unless there is some insider news about the company fundamentals.
Can be accumulated for Long term at this Discounted Price in the Demand Zone, as it is a Strong Fundamental Company.
PS- I am not SEBI Registered. Views are for personal reference.