Trade #5 : GodrejPROP in accumulation phaseAll the details provided in the chart. The reality sector may see bullish rally soon as lockdown restrictions are openings and investors will start going back to property purchase considering the stock market is already at its peak.
DISCLAIMER:
As a trader, you should consider your own risk: reward ratio and do proper lot sizing according to your margin and leverage level. This analysis is a trading idea, not a trading signal for you. Consult your financial advisor before making any trade.
My own trend direction estimation, entry point, stop loss, and take profit levels are on the chart.
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GODREJPROP
Science Backed by Data[GodrejProp Series]: Target 955GodrejProp has breakout with larger volumes. It has also broken its major resistance shown in chart. Looks good for target of 955 and higher targets. keep StopLoss @ 826- 862.
Chart also shows breakout levels and other resistance from past.
Please note that all levels are on closing basis and based your trades on individual risk appetite.