Godrej Properties gave a breakout of the Inverted Head and Shoulder pattern on the daily chart as predicted in my previous analysis. It is important to notice that the breakout came with a spike in volume.
Target 1: 250-260 points
Target 2: 370-390 points
On the lower side, the 1560-1620 level will act as a support for the price.
The previous analysis link is...
Godrej 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.
NSE: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....
NSE: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...
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 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...
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
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.
(Swing / Positional Trade) | RR 1:2+ | Type:- S&R
Reasons To Trade🤔 :- In Weekly Uptrend, Closed Above 200 DMA, Formed Bullish Candle On Support, (Consolidating) It Can Break Upside.
Entry :- 865 - 870
Stop Loss :- 828
Target :- 940 (If It Directly Breaks out Above Resistance, Then You Can Hold It More) Because It Is Consolidating Heavily In Weekly...
