#Godrej Property, low risk high reward setup

Panjang

GODREJ PROPERTIES (NSE:GODREJPROP)

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NSE:GODREJPROP GODREJ PROPERTIES

trendanalysis chartpattern supportandresistance godrejprop swingtrading longsetup rsi_divergence lowriskhighreward breakoutretest

Godrej property is looking good to me for low risk high reward setup. In weekly TF price is taking support in the price range of 1133-1150 and RSI is making positive divergence which can help this counter to go up to levels of 1) 1188 2)1200 3) 1215 4) 1221 5) 1240 SL 1110.

I will be looking for long entry around 1118-1133 price band.

Only thing which is cause of concern for me is head & shoulder pattern and in case of breakdown I need to be ready for initiating short positions also.

Dagangan ditutup: hentian tercapai:

today my GTT triggered at 1118, SL kept at 1106 that also gone. Now will wait for 1056 or any reversal pattern in day time frame.

Penafian

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