Breakout in Prestige Estates...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
PRESTIGE
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PRESTIGE - INVERTED HNSNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
► ADVANCE PATTERN #9: PRESTIGE ◄► ADVANCE PATTERN #9 ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
▣ Key Highlights:
➨ W Pattern
➨ Flag Pattern of 7 months
➨ EMA 200 Support
➨ Unique Confluence
📌 Levels are;
Entry: ▲ 321
SL: ☢ 295
Target: ➚ 360/420
RR: ☈ 1:4
☆ Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✮ Disclaimer ✮
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Prestige Estates - Bullish Engulfing at 21 EMANote: This is for educational purpose only.
There seems to be a bullish engulfing pattern at 21 EMA. 21 EMA above 55 EMA and both sloping upwards signifies uptrend. Bullish engulfing is supported by good rising volume. RSI above 60 indicates bullish momentum too.
Prestige: Breakout from the rounding bottom Prestige has seen good amount of volume buildup in past couple of days.
A rounding bottom formation is visible clearly in charts. Now price has broke out of the neckline of bottom with good volume.
There is a gap between 260-278 which needs to be filled. SInce price is near these gap price levels, expected to fill by a quick price rise.
Short term Target 1: 276-278
Target 2: 292
Nifty realty segment may lead the market for coming daysAlmost all the sectors have recovered post march downfall but nifty realty yet to recover.
This sector started reacting from a very strong buying zone, some of the stockes like Prestige, Sobha, DLF started showing upmove. keep an eye on realty stocks for good returns in coming days.
Below are the realty stocks with their weightage-
DLF 26.50
Godrej Properties Ltd. 22.76
Oberoi Realty Ltd. 12.31
Phoenix Mills Ltd. 12.06
Prestige Estates Projects Ltd. 8.53
Brigade Enterprises Ltd. 4.83
Indiabulls Real Estate Ltd. 4.43
Sobha Ltd. 3.38
Sunteck Realty Ltd. 2.99
Omaxe Ltd
Long term Fundamental Stock OberoiOberoi realty has quite a brand name in Mumbai and its projects always attract a premium. After a great annual result with over 50% sales increase the price zoomed 17% in one day. The stock continued to show strength with steady increase reaching 360 levels. That is a annualized 70% return. However post demonetization saw a strong correction retracing to 260 levels in 11 trading sessions. After which the price is showing a slow but steady rise.
Fundamentally the stock is great with an CAGR of 20% over 10 years and a slew of under construction projects in Mumbai. Also they are extending to Noida and Bangalore. Technically at the current levels both the MACD and Stoch are showing oversold. This is a good opportunity to begin adding this to your portfolio. Recently there has been a number of bulk purchases in the open market.
I believe, in the next 2 years real estate stocks such as Oberoi will give excellent returns.