GODREJPROP AT MONTHLY 40 SUPPORT #GODREJPROP down 60% from all-time highs & testing the confluence of supports! Price retesting horizontal breakout + primary trendline support since 2014. Monthly RSI @40 Support which indicates Value Buying in stock. Good For Investment Point of view. On Weekly + Monthly TF Price formed a falling wedge Patten and price also very close to upper downward trendline .After Breakout Good move can be seen in coming days. Wait for a higher high on daily before going with a full position. Price might consolidate for a few more weeks. Chart Showing perfect low Risk & High Reward Setup. Find Perfect Entry in Lower Timeframes. Positional Targets:- 1200/1355/1500+✔️
GODREJPROP trade ideas
Godrej Properties NSE:GODREJPROP
Entry at current market price -
Gains: 15%
Duration: 3 months
If the price comes down to green box, it's a perfect buy zone.
Entry at green box -
Gains: 27-30%
Duration: 4 months
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
LH (Lower High) - LL (Lower Low) BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
GODREJPROP Daily TF Sellers Trapped
GodrejProp on daily chart gave fake breakdown 2 times of major support to attract sellers.. Now after getting trapped, all their stoplosses will get hit as soon as it gives a breakout of previous swing high or W pattern neckline. Taking it 1700 levels in coming time. It can be a good option to invest for 3-4 months.
GODREJPROP SUPPORT BREAKDOWN!!!Hello to everyone,
👉👉Keep Eyes on #GODREJPROP ✅🎯
👉Strong Support Zone broken Today. If Price closes below the Support Zone on #Weekly Chart and price sustain itself below the Support level than we can see good fall in price in coming days.
👉 After Breakdown of support zone wait for the closing and let sustain the price below it than only enter in the position. ✅✅👍
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
Godrej Properties has fallen about 56% from its highsGodrej Properties
The stock has fallen about 56% from its highs and the charts are still not at their best, meaning it could fall further.
Now the question is how much further?
The next support that I got from it from monthly and weekly charts are at 865- 740, this is the zone, where it consolidated earlier and saw a massive move on the upside.
Major resistance 1500-1550
Immediate resistance: 1300- 1330
Major Support @ 740- 865