GODREJPROP trade ideas
GODREJ PROPERTIES SWING TRADE -WEEKLY AND DAILY BREAKOUTBREAKOUT AND RETESTED ON DAILY
RSI AND VOLUME SHOWING CONFIRMATION
BUY LEVELS MENTIONED ON CHART.
Entry at 1450 (Retest)Inverse head and shoulders pattern and but at retest zone - Target is 1570 and SL is 1377.75
GODREJPROPVolume spike; strong buy.
I'm expecting the share to hit 1572.
Expected max waiting period = 34 trading days.
ie; about 5.9% return in about a month.
Note: This is my view, please don't follow me blindly.
GODREJPROP - Price and Trend SetupGODREJPROP is ready for breakout. Support, Resistance, Trend and Breakout Levels.
GODREJPROP SPOT SWING VIEWGODREJPROP Spot is forming CUP WITH HANDLE pattern on daily Chart. If Breakout neckline (1450) and hold. it may give marked target to validate this pattern successfully.
VIEW NEGATED BELOW - 1379 (DCB).
Godrej Properties - Clear Triangle breakoutGodrej Properties had a clear breakout from the descending triangle pattern, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Godrej Properties Bullish SetupPositional Trade:
Buy: Godrej properties
CMP: 1436
Target: 1570
Stop Loss: 1390
Holding Period: 1 month
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Trendline Breakout in GODREJ PROPERTIESTrendline breakout with more than average volume can be seen in 1D timeframe Chart, can buy at CMP for the target shown in the charting. It has also reacted to the demand zone very well, took the support of important zones, may show good upmove after breaching the trendline resistance. Go long with the strict stoploss of 1300 level (only on closing below basis) . Probable path is shown in the chart.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS.
GODREJPROP #StockMarket #StockToWatch Godrej Properties >> Looks Good after BO
Also Sustain Above BO, Support from 50% Fibo level
Entry looks good above the Previous day high, with Targets of Recent High
Godrej Properties chart AnalysisGodrej Properties
cmp 1359
Buy at 1350-70
SL 1290
Target 1450 - 1575 - 1600
Falling wedge breakout
Double bottom And Support
Godrejprop long trade demand zoneHello everyone, if you like the idea, do not forget to support with a like and follow. Feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
It is just a view based on demand/supply, pls trade at your own risk
