Godrej 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.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.