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 trade ideas
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