DAILY TECHNICAL ANALYSIS________________________________________
GODREJ PROPERTIES (GODREJPROP) — DAILY TECHNICAL ANALYSIS
📅 Date: June 7, 2025
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🔹 Price Action Summary:
• Closed @ 2467, up 6.7% from previous close
• Closed near day’s high (2485) — a clear breakout from recent range
• Momentum building strongly with volume confirming the move
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🔹 Chart Pattern:
• Channel Range Breakout confirmed — bullish momentum gaining strength
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🔹 Why Watch This? – Technical Indicators:
The stock is firing on all cylinders with multiple confluences:
✅ Bullish Momentum
✅ 52-Week Volume Breakout
✅ Strong Bullish Candle
✅ EMA 200 Crossover
✅ Buy Today, Sell Tomorrow Setup
✅ Next Day Intraday Signal
✅ RSI Breakout
✅ Bollinger Band Breakout
✅ BBSqueeze OFF — Potential Big Move
✅ 20-Day Volume Breakout
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🔹 Support & Resistance Levels:
• Resistance:
- R1: 2528
- R2: 2589
- R3: 2694
• Support:
- S1: 2362
- S2: 2257
- S3: 2196
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🔹 STWP TRADE ALERT:
• Long Entry Idea: 2485
• Stop Loss (DCB): 2315
• Swing Stop Loss: 2239
• Reward Ratios: 1:1 | 1:2 | 🔼 Trail if momentum sustains
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🔹 Watchlist Grade:
🔥🔥🔥 (High Priority Setup)
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🔹 Strategy Note:
• Volume-backed breakout + momentum = strong setup
• Suitable for BTST & Swing Traders
• Clean follow-through above 2485 is key
• Retest around 2440–2450 can offer a safer re-entry
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⚠️ Risk Management Tip:
• Never chase a breakout blindly
• Always define your entry, stop loss, and target
• Overbought conditions = higher risk — tighten risk control
• Focus on capital protection, especially with momentum trades
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📢 Disclaimer
This content is for educational and informational purposes only.
It is not investment advice, stock tips, or a recommendation to buy/sell.
Stock market trading involves risk.
Always consult a SEBI-registered advisor before taking any trades.
The author is not SEBI-registered and cannot be held responsible for any losses.
Practice sound risk management and do your own research.
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👇 What’s Your View? - Drop your view or chart in the comments:
• Are you tracking GODREJPROP?
• Will this breakout hold above 2485 or fade?
• What's your trade plan for the coming week?
💡Always open to learning from fellow traders!
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🧠 Trade with Patience. Trade with Confidence.
🔔 For more such insights, follow @SimpleTradeWithPatience
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