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!!!
