GODREJPROP
GODREJ PROPERTIES: Getting ready for a big breakoutGodrej Properties is on its way to make an Inverted Head and shoulder Pattern.
right now the price is trading 6-7% below neckline resistance. We may see it at the neckline very soon.
If the price gives a breakout of the neckline then we will see a big move from Godrej Properties in the coming days.
NIFTY REALTY - The Next Game Changer ?Very bullish on many Realty stocks since the index has completed a breakout and retest of resistance on a 12 year Box.
Also, from a pattern perspective, I see an Inverted Head and Shoulder Pattern which again is one of my favorites.
This space is a long term play and to get good returns, Patience will be the key.
The charts here are on Weekly Time frame which means the holding period should be not less than 3 months.
Hold it for over a year !
Some individual personal favorite picks from the sector are here below.
Red line - Stop loss (or as per your risk appetite)
Green Lines - Targets
Blue Line- Entry above Closing.
Prestige Estates -
Puravankara -
Godrej Properties -
Oberoi Realty -
Sobha -
Brigade Enterprise -
Mahindra Lifespace -
Phoenix Mills -
Simple Trade Setup | GODREJPROP | 18-08-2021NSE:GODREJPROP
Observations:
1) On Daily Time Frame, it is trading above 44 DMA and keep on taking support from it.It took 2 time support from 44DMA.
Please refer Chart below: Daily time frame.
2) On 1 hour time frame, it is now on critical Zone.
Please refer Chart below: 1 hour time frame.
3) On 15min Time frame, it is taking good support and reversal from the channel. And Today it is in that critical channel.
Please refer Chart below: 15min Time Frame.
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Trade Setup for Date 18-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | GODREJPROP | 03-08-2021NSE: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.
Godrej Properties - Triangle Breakout + Volume expansion Key Highlights:
1. Bullish market structure
2. Falling wedge pattern
3. Trendline breakout
4. Triangle breakout
5. Volume expansion
6. Target: 1527, 1600
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
GODREJPROP | Breakout Stock for Investment 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy = CMP
--Target =1568 | 1878
--Stop-loss = 1220
--R:R =2.53
--Expected Profit = 33.56%
--Expected Holding = 3-6 months only
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DISCLAIMER Alert :-
❌ All Post are for Educational Purpose Only.
❌ Analyze your own before Considering mine.
❌ Know your RISK & HOLDING capacity.
❌ TradeTheTip is not responsible for any of your profit/Loss.
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Godrej Properties Positional Trade Setup For Tuesday (13th July)As you see in the Godrej Properties stock Fibonacci Retracement has happened in the previous day.
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And same thing in last one week, after touching 1540, it retraced the level of .5.
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Now tomorrow we can take the positional trade, once it cross the level of 1540.
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Then 1560-1590 is out Targets.
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What's your view on this comment below in the box.