GODREJ PROPERTIES
- Stock trying to come out from its down channel formation, and is now trying to break its resistance @ 253 , as shown in chart no1, Once stock closes and stays above 253 it looks bullish for next few trading days.
- Intraday close watch once stock starts trading above 253 during market hours, if holds above then intraday bulls action is expecting.
- As per chart no2, stock is still holding it long trend line support, if Godrej Properties closes above 253 and moves up then will find next resistance around 262 its previous top.
- Even chart major trend indicator "MACD" is moving in +ve zone and above level 0 , this indicates further price rise can be seen in coming days. Moreover stock is moving up from 100 DMA, as long as holds above 100 DMA bulls will be favored, as shown in technical chart no3.
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