Reversal in Godrej Properties.On monthly Time frame, Godrej Properties is taking support at golden zone of Fibonacci retracement. Weekly closing above 2203 will the entry and closing below 1950 will be the SL. Expecting new high in coming months.
Please note: This a Monthly setup so it will be long term Investment. Will keep on adding quantity and weekly basis.
GODREJPROP trade ideas
47% GROWTH》GODREJPROP SHOWING A GOOD REVERSAL SIGN FROM BOTTOMRecently NSE:GODREJPROP almost drawdown 19% from recent high and we plan for almost 47% upward potentially reward.
🔔 NOTE:
➡️ ENTRY ONLY IF the weekly candle CLOSES ABOVE 2550 INR.
📊 Godrej Properties (GODREJPROP) is exhibiting a positive reversal from its bottom levels. However, ⚠️ signs of weakness remain visible.
✅ Suggestion:
Wait for a strong confirmation with the weekly close above 2550 INR to enter.
Once confirmed, bullish momentum could target long-term profits at the 3802 INR level.
🎯 TARGET LEVELS
TP-1 🟡: 2836.25 INR
TP-2 🟠: 3026.00 INR
TP-3 🟢: 3405.90 INR (50% Profit Booking Recommended Due to Resistance ⚒️)
TP-4 🟩: 3802.00 INR (Long-Term Target – 9 to 12 Months 🚀)
📉 STRICT STOP LOSS (SL):
2240.90 INR 🚫 (Ensure proper risk management here!)
⚡ Action Plan:
If entry conditions are met, follow the targets and risk levels carefully. This stock offers an excellent reward-to-risk ratio, but confirmation is key! 🕒
🔴DISCLAIMER:
I AM NOT A SEBI-REGISTERED ANALYST. SECURITIES AND INVESTMENTS ARE SUBJECT TO MARKET RISKS. PLEASE READ AND UNDERSTAND THE TRADING IDEA CAREFULLY BEFORE MAKING ANY INVESTMENT DECISIONS. INVEST WISELY AND AT YOUR OWN RISK. 📉📈
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GODREJPROP Trading Within Fresh Demand ZoneGODREJPROP is currently trading at ₹2734.1, positioned within its fresh demand zone between ₹2737.35 and ₹2641.5, established on 22nd November 2024. This untested zone indicates potential buying interest, making it a level to watch for signs of support and possible trading opportunities.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
GODREJ PROPERTIES LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
GODREJPROPHi guys,
In this chart i Found a Demand Zone in GODREJPROP CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Godrej Properties Long 2400 RR 1:10Godrej Properties
Current Price :
Godrej Prop Monthly Supply 3063
Godrej Prop Weekly Supply 3063
MTF Analysis
Godrej Prop Yearly Breakout (Not completed) 2598
Godrej Prop 6 Month Demand Breakout 2598
Godrej Prop Qtrly Demand BUFL 2541
Godrej Prop Monthly Demand BUFL 2541
Godrej Prop Weekly DMIP 2256
ENTRY 2400
SL 2201
Target 4404
Last High 3402
RR 10.07
How to trade GodrejPropertiesGodrej Properties , now at 3034 on June 20-2024 ::
As per the ongoing pattern, this might probably touch the upper trendline at around 3170
Surpassing this can give a trend towards 4000
If this cannot hold 3170 after surpassing,
OF
If this falls now, then buy at around 2800-2830 levels and hold for target of 3280-3300 and thereafter it tests again if this can hold the price above the trendline.
FYI, am holding few
MACD Crossover Swing Trade📊 Script: GODREJPROP
📊 Sector: Realty
📊 Industry: Construction
⏱️ C.M.P 📑💰- 2842
🟢 Target 🎯🏆 - 3009
⚠️ Stoploss ☠️🚫 - 2756
📊 Script: ASAHIINDIA
📊 Sector: Glass & Glass Products
📊 Industry: Glass & Glass Products
⏱️ C.M.P 📑💰- 640
🟢 Target 🎯🏆 - 671
⚠️ Stoploss ☠️🚫 - 621
📊 Script: NH
📊 Sector: Healthcare
📊 Industry: Healthcare
⏱️ C.M.P 📑💰- 1265
🟢 Target 🎯🏆 - 1343
⚠️ Stoploss ☠️🚫 - 1247
📊 Script: TRITURBINE
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Electric Equipment
⏱️ C.M.P 📑💰- 569
🟢 Target 🎯🏆 - 609
⚠️ Stoploss ☠️🚫 - 563
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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