Godrej Properties | Flag Pattern Setup
Godrej Properties has shown a strong recovery from the lower levels, supported by a bullish divergence. The stock then gave a breakout from the ABC pattern, confirming improving momentum.
Currently, the stock appears to be forming a Flag Pattern within the Bollinger Bands, which could set up the next potential upward move.
🎯 Target: ₹2,350
📈 Potential upside: 16%+ from current levels
💡 Strategy: Long can be considered around current levels. If the stock dips towards ₹1,900–₹1,950, it can be considered for adding, subject to price action and risk management.
Godrej Properties has shown a strong recovery from the lower levels, supported by a bullish divergence. The stock then gave a breakout from the ABC pattern, confirming improving momentum.
Currently, the stock appears to be forming a Flag Pattern within the Bollinger Bands, which could set up the next potential upward move.
🎯 Target: ₹2,350
📈 Potential upside: 16%+ from current levels
💡 Strategy: Long can be considered around current levels. If the stock dips towards ₹1,900–₹1,950, it can be considered for adding, subject to price action and risk management.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.