Realestatesector
Oberoi Realty Breakout Analysis !!📈 Oberoi Realty Ltd. 📉
This Stock broke out from a Down Trending Trendline zone after testing three times. It was in consolidation inside Triangle Pattern since last six months and today that ended on long side So I am biased on long side as todays candle closed is strong green.
On Buy Side I am looking for Targets of 977 and 1036.
StopLoss should be kept at 888.
It offers 1:2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Godrej Properties Chart Analysis !!📈 Godrej Properties 📉
This Stock Broke out from a resistance zone of 1600-1640 which was tested several times and today managed to close above it with green candle.
This chart can be a long term proposition to go for because most favourable risk reward it’s offering with good base building also done on lower levels.
Bias - Long
Target - 1781, 1979, 2098, 2241, 2445
SL - 1525
RR- 1:5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
CAN SOBHA BE THE NEXT MULTIBAGGER OF REALTY SECTOR?MARKET ANALYSIS: Very Bullish
SECTOR ANALYSIS: Most Rewarding Sector in the past Quarter. Extremely bullish once it crosses 600-650 levels.
STOCK: Has the potential to break the trendline which has provided resistance for the past 10 years and once it breaks with good volumes SOBHA can head towards the lifetime high of 1250 levels and thereafter turn into a multibagger ( In between it can retrace and consolidate before the trendline breakout)
Disclaimer: This is not a BUY/SELL recommendation.It is just for educational purpose and I am not responsible for your profits/losses.
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Till then,
Happy Trading :)
Best pick in Real Estate
Embassy group, one of the best real estate companies, acquired it
Good bounce at the support level of 125-130
Real Estate index has high relative strength compared to overall market