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Lowerlowsandhighs

GODREJPROP - Head and should patternAll details are given on chart with clear explanation. 1. Godrej Properties was in the downtrend since Nov 2021 with LH and LL pattern. 2. Last LL was not taken out by following candles and formed Head and Shoulder pattern in the bottom which indicates trend reversal 3. Breakout happened but with not much impressive volume 4. Chart pattern looks very good and attractive 5. Overall Real Estate sector is in positive Disc - Am not a SEBI registered. This post is only for educational purpose and do your own analyses before taking any position.
NSE:GODREJPROPLong
by Grow_YourCapital
BajF: Structurally WeakThe stock tried to bottom near March 2020 lows which also coincided with the 23 Oct 2018 gap zone at 2083. After a couple of attempts the stock finally broke the lows in April and took support near an important monthly level at 1912, which has also been 61.8% retracement of BajF's life time bull market. The stock faced a strong upside bounce of 26%. It tried to hold this low for some time before breaking it down in May to make a new low. In my personal opinion although the stock is structurally weak and making new lows yet there is not much downside conviction. If one is looking to go short, one has to wait for deep retracements. On downside there is a weekly support at 1818 for the short term. Longs can not advised for short to medium term unless the structure changes to HH and HL. For long term, buying can be done in pieces near the support areas mentioned on the chart. Hope this information will be useful. Regards
NSE:BAJFINANCEShort
by Bravetotrade
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