Godrej Properties - Possible scenario for results aheadAs the company is approaching for its results day & even the sector is expecting some surprises for them in this budget session. stock may try to go a little higher near areas 2225 - 2260
The above mention area happens to be a flip zone now and also DBD supply zone
Any selling pressure seen in LTF will trigger sell call with SL above 2265
If not then will have to wait till the stock approaches 2390 - 2450 area for sell
Godrejpropertiespriceaction
Godrej Properties cmp 2855.95 by Daily Chart viewGodrej Properties cmp 2855.95 by Daily Chart view
- Support Zone 2715 to 2788 Price Band
- Daily Support at 2715 > 2580 > 2455 with the Resistance at 2981 > 3121 > 3256
- Stock Price on the verge of either reversing from current status above Falling Resistance Trendline
- Stock Price is sustaining above Rising Support Trendline but may take a break down if selling continues