#Godrej Property, low risk high reward setupGodrej property is looking good to me for low risk high reward setup. In weekly TF price is taking support in the price range of 1133-1150 and RSI is making positive divergence which can help this counter to go up to levels of 1) 1188 2)1200 3) 1215 4) 1221 5) 1240 SL 1110.
I will be looking for long entry around 1118-1133 price band.
Only thing which is cause of concern for me is head & shoulder pattern and in case of breakdown I need to be ready for initiating short positions also.
Lowriskhighreward
AMARA RAJA BATTERIES WEEKLY SUPPORTIf It Sustains above 730 it can give a good target of 1000.
Low-risk High-reward
Fibonacci Support
RSI Support at 30RSI
700 psychological Level
Upper Trendline Break
Indiabulls Housing Finance - Very AttractiveMarket Cap ₹ 9,520 Cr.
Stock P/E 7.41 Vs Industry PE 21.2
ROCE 10.2 %
ROE 13.8 %
OPM 5Year avg 87.4 %
Promoter holding 22.5 % (negative)
Pledged percentage 0 %
Debt to equity 4.58
Intrinsic Value ₹ 1,173
Best of all is at current price
Dividend Yield 15.1 % and it consistently paysout dividend.
Technically bullish divergence Spotted. After the breakout of the Triangle , it would ZOOM. Choice is yours about whether you want to accumulate before or after the breakout.
NEULAND LABS - Flag BreakoutSimple Price Action analysis.
Breakout from a flag pattern.
The stock could just keep climbing hereon or there could be a small dip on account of the round bottom formation (CUP).
If there is a pull back then a Cup and Handle Pattern would be in formation .
Either case the breakout level is 2380.