GODREJPROP trade ideas
Godrej PropertiesGodrej Properties Limited is a real estate company engaged in construction and real estate development.
GODREJ PROPERTIES is Bearish Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Real Estate
Industry: Real Estate
GodrejProperties - ShortWill sell Godrej Properties as it has made M pattern and there is weekness in the chart. Rising interest rates in India and upcoming recession in US will reduce the disposable income, higher loan rates and people will delay buying properties. All these factors will add dampener to the property market and therefore selling on each rise strategy will make much more sense.
Godrej Properties Counts (Revisited)In godrej Properties we are correcting against the higher degree wave (1) that had moved till 2598. From the chart it can be observed that we have completed the correction at 1129.55 which is the recent low. Keeping this low as invalidation we can see that we have completed minute wave (i) and we are standing at low of (ii). We can witness higher price action in Godrej Properties if it does not invalidates the low of 1129.55. This is not a trade recommendation, this is for educational purpose only.
Thank you.
Godrej Properties Intraday tradeThere is a symmetrical triangle formation on 30 Mins chart of godrej properties. Triangle can breakout above or below the respective trend lines. Wait for the candle to breakout and close above or below trend lines.
This will be very short term trade and should be completed in one or two trading sessions.
Breakout level above = 1400
Breakout level below = 1384
Target = + 20 or -20 above or below breakout level
stop loss = 2% below breakout levels