Tuesday, February 25, 2014

Godrej Properties – Long term Buy. Bottoming Out



Godrej Properties Technical View:



  • The stock has been in a downtrend for the last many months.
  • Recently the stock has seen an increase in volumes and a falling wedge pattern being formed.
  • A falling wedge pattern indicates a major long term trend change. Sustaining above 170 would be the confirmation of a breakout.
  • Accumulate Godrej Properties at 155-160 with a stoploss of 145 and a target price of 200-250 in medium term.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)