All details are given on chart with clear explanation.
1. Godrej Properties was in the downtrend since Nov 2021 with LH and LL pattern.
2. Last LL was not taken out by following candles and formed Head and Shoulder pattern in the bottom which indicates trend reversal
3. Breakout happened but with not much impressive volume
4. Chart pattern looks very good and attractive
5. Overall Real Estate sector is in positive
Disc - Am not a SEBI registered. This post is only for educational purpose and do your own analyses before taking any position.
1. Godrej Properties was in the downtrend since Nov 2021 with LH and LL pattern.
2. Last LL was not taken out by following candles and formed Head and Shoulder pattern in the bottom which indicates trend reversal
3. Breakout happened but with not much impressive volume
4. Chart pattern looks very good and attractive
5. Overall Real Estate sector is in positive
Disc - Am not a SEBI registered. This post is only for educational purpose and do your own analyses before taking any position.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.