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...
small risk trade
buy above 1235 in Swing/positional trade
SL below 1130
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
Godrej properties is now at pre-covid high levels. This looks like a good place to buy this stock. I do expect it to easily double in the next 3 years. Looks like a very favourable risk to reward ratio in this case.
Godrejprop is ready to give a breakout and we need a good close above trendline with volume.
RSI is turning bullish
RS is positive
Macd ready for crossover
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...
📈 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,...
Godrej 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 property has broken long resistance trendline
and testing 1640 many times if break the combination of signals
will lead to a strong move above 1640.
entry:- Above 1640
target :- 1690 , 1750
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...
godrej prop cmp 1622.95 in a downtrend channel from the last 6 months , knw at breakout level , if gave a strong breakout and strong closing , for swing trade, can go long with small stop loss.
do your own analysis before take a trade
I will buy GODREJPROP because :
The price is on the verge of breaking resistance
If the price breaks 1630 level it can fly
Entry : 1630
Target : 1800/200/2400
Stop loss : 1375
Curently 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.
Long 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...
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...
