Elliot wave Analysis # Bearish SequenceGODREJ PROPERTIES
Bearish Sequence
Weekly Chart (log scale) NSE:GODREJPROP
GODREJPROP trade ideas
Good swing opportunity in Godrej Properties Godrej properties the reality sector stock.
Seems good on 1 hour time frame
The target is around 1450
Note : This not a buy recommendation it's for educational purpose
Godrejprop 1D chart analysismy personal view on Godrejprop.
It seems like Cup and Handle pattern.
Pattern is not complited yet, but in short time it can give a good move.
GODREJPROP at its support buy at 1260I will buy GODREJPROP because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 1254
Target : 1432/1508
Stop loss : 1218
Godrej Properties - Start of the 5th wave ?It seems Godrej Property has taken the support at the channel base and reverted back from there after little more than 23% retracement of wave 3. Confirmation of the same would come once it crosses 1564 in next few days.
GODREJPROP Short Term OutlookGODREJPROP From the NIFTYREALTY Pack has relatively underperformed NIFTY REALTY returns for few weeks. Now Stock is Trading near to Trend line Support Levels.
LongGodrej properties looks good for some gains.
Paper trading account and not meant for tip or call.
long position (buy)very strong flag pattern with good fundamental . very good for long term and short term.
short term target 1500,1600,1800
long term target 2000+++
GODREJ PROPERTIES - Narrow Range Chart is self explanatory, Godrej properties ready for breakout after narrow range formation. Go long after breakout for target of 1600
Godrejprop - Looking Good for Buy in Intraday on TomorrowGodrejprop - Looking Good for Buy in Intraday on Tomorrow
godrej properties 3 times cycle of more than 100 % godrej properties 3 times cycle of more than 100 %
upward long term trend line
good for good yearly returns
buy at support
and sell at resistance
top formationlot of price action need to call a top. but as of now rise is not strong enough. it might consolidate for time being
