Almost all the sectors have recovered post march downfall but nifty realty yet to recover.
This sector started reacting from a very strong buying zone, some of the stockes like Prestige, Sobha, DLF started showing upmove. keep an eye on realty stocks for good returns in coming days.
Below are the realty stocks with their weightage-
Godrej Properties Ltd....
It is satisfying all the rules which we follow :
1. Always buy/sell with the trend.
2. Always wait for the last kiss/breakout.
3. Always buy the second candle after retest.
Please follow the marked levels to book profit .
GodrejProp has breakout with larger volumes. It has also broken its major resistance shown in chart. Looks good for target of 955 and higher targets. keep StopLoss @ 826- 862.
Chart also shows breakout levels and other resistance from past.
Please note that all levels are on closing basis and based your trades on individual risk appetite.
We have seen on all TF Godrej property charts on bullish trend. Today we have seen the major hurdle at the level of 870. So entry can be taken in the stock above 870 level for the target price of 900 -915. Sock is trading above 50 EMA . So add the stock in your watch list & wait for the levels.
Always do trading as per your Reward to Risk ratio means Never risk...