GodrejProp LongI hope you can now see how GodrejProp represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Godrejpropanalysis
GODREJ PROPERTIES case studyPRICE ACTION STUDY
TIME FRAME : 30MINS
Hammer candle formation on 30 mins time frame, Which indicate sellers tried to push the price down with full force but at the end were not able to maintain lower price and buyers maintained the balance of buy and sell at particular levels, excess selling was absorbed.
After formation Result :- As seller were not able to manage to keep price lower, were trapped on sell side when they tried full force to maintain price on lower side, As after the formation candle there was follow up bullish candle which indicate, buyer are feeling price attractive to enter long position and total selling at that particular levels was already in system, so no fresh selling force available.
Spring formatino : There is a spring formation as per price action, which means price entered demand zone and attracted fresh buying in counter which lead to higher buying force than that of selling thrust, and finally at end prices settled at higher levels.
Bullish divergence :- Price making lower low and RSI making higher low, which indicate the trend in on verge to mature.
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.
Godrej Properties - Clear Triangle breakoutGodrej Properties had a clear breakout from the descending triangle pattern, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Science Backed by Data[GodrejProp Series]: Target 955GodrejProp 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.