GODREJPROP trade ideas
Godrej Properties India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Godrejproperties at important supportGodrej Properties has fallen about 40% from its all-time highs in the past few months.
Currently Stock is trading near its imp weekly support @ 1470- 1430 levels.
If held all good, if not then the next good support I see is around 970 - 870 levels, about another 600 points from current levels 🤯.
As per the history stock, the stock does have the tendency of giving up 40-60% gain of previous rallies, so both levels can be seen in the stock.
The only resort we have is to Keep an eye on the price action near-immediate support levels, if any positive price action is seen, it might be a good Positional trade with great risk-reward ratio.
Currently, there is no sign of reversal and no sign of bottoming out, so keep an eye on the stock.
Disclaimer: Not a recommendation to trade.
GODREJPROP stock is about to break the trend line.The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
Godrej Properties - Watchout key support levels 1855, 1758, 1596Godrej Properties had a major breakout on Sep 21 2021. It's natural for any stock breakouts to retrace back to test the breakout trendline support , here its close to 1855. Next big support is at 200 DMA around 1758, if it breaks below that , we have strong support at 1596. This stock is in long term bull trend, long term investors can add in small positions at these support levels.
GODREJPROP 27 JAN 22 CE @ 2000 BUY @ 45 & TARGET @ 55Dear Traders,
GODREJPROP 27 JAN 22 CE @ 2000 BUY @ 45 & TARGET @ 55
Many people made huge profits last week and as per my predictions , the market was running same direction and entry and exit strategies where bang on target.
Dear traders kindly follow our signals for maximum profits,
our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
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GODREJPROP Intraday Trading Set up 1Sell near 2206
60 MINS 50 EMA @ 2200 + Resistance zone + Resistance from trendline.
SELL IF THE ZONE IS broken with selling volume.
If 2260 is broken with volume, we will see some upside.
The Indicator Used:
1) Support/Resistance Levels are marked on the charts along with the parallel channel in the higher timeframe.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Godrej Properties - Major Bull Trend Godrej Properties has been in a mega bull trend for last 2 years. Clearly we can see the pattern, Breakout , Side ways consolidation for a period of time and breakout again. It has followed this breakout cycle twice in recent times and now is in the formation of 3rd breakout. Price might chop a bit on the side ways for few more months before another breakout. Long term investors can start accumulating it as prices correct, traders can wait for the breakout of the box.