📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: GODREJPROP
🔍 Description: Stock is making symmetric triangle and we may see good move after breakout and breakdown !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider...
Buy Godrej Properties between 1675-1700
STOP LOSS 1610
TARGET 1: 1790
TARGET 2: 1880
TARGET 3: 1975
Daily symmetrical triangle breakout with volume
Weekly building bullish head and shoulder
Nifty realty index given head and shoulder breakout
In this stock technicals showing strength stock is above 200sma,100sma and jst giving breakout 50+21 cross over and relative strength is good
if we look at fundamentals in this qtr results
sales are 283% up
net profit 188% up
EPS is174 % up
over all technofunda is good
but this only a analysis for education not a recomdation
Head and Shoulder pattern formed in 15m timeframe of GODREJPROP and near the trendline
Just go short when it breaks the neckline.
Enter at price around 1609
First target - 1586
Second target - 1558
This is just for educational purpose. Please do your own study before trading.
happy trading. Cheers :)
Godrej Properties Short below 1564, SL 1574. Targets will be 1544. Reason for trade, M pattern at the top, latest candle is Inside candle, also previous candle is indescisive candle.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
If you think this idea...
GODREJ PROPERTIES
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1635+.
✅Can Go short in this stock by placing a stop loss below 1525-.
Currently in demand zone. Showing reversal from the Trendline. also formed Morning Star pattern on weekly chart. Can go long at 1170 on retracement. Considerable SL is below the swing low.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 8th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
share name : GODREJ PROPERTIES
call type : positional
- share is forming a falling wedge pattern
- Moring star on C Point on weekly time frame
- we can see a good buying pressure on c point
currently share is in uptrend
- we can accumulate this share at current level
with stop loss of 1100 targets 1428,1544 in
upcoming months
Thanks
