Price making descending channel pattern and it just took the important support and reached the channel top, it is expected to break in the coming days.
Godrej properties the reality sector stock.
Seems good on 1 hour time frame
The target is around 1450
Note : This not a buy recommendation it's for educational purpose
I will buy GODREJPROP because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1254
Target : 1432/1508
Stop loss : 1218
GODREJPROP From the NIFTYREALTY Pack has relatively underperformed NIFTY REALTY returns for few weeks. Now Stock is Trading near to Trend line Support Levels.
GODREJPROP is testing FIBO levels . In upcoming days, it can trade around 2k levels.
BUY in the range of 1380-1390
Target 1 - 1652.85
Target 2 - 1714.45
Target 3 - 2016.30
Stoploss - 1327.75
Note: This is for educational purpose only.
There is a INHS breakout on back of volume. Price is coming to re-test resistance turned support with reducing volume. RSI above 65 indicates bullish momentum.
Above 1405
Up trending stock taking support at 50SMA
target 1449-1479-1518
support at 1240-1200
weak below 1200
good volumes from last few sessions
above all important moving average
HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
