Godrej Properties – Strong Pullback After Sharp Correction
Timeframe: Daily
After a steep decline from the ₹2,150 zone, the stock has shown a sharp recovery backed by rising volumes. Price is now approaching a key resistance area.
🔎 Technical Overview:
Strong bounce from ₹1,450–₹1,500 demand zone
Consecutive bullish candles with volume support
Price moving towards 20 EMA resistance
Momentum indicators showing bullish crossover
RSI reclaiming 50 level → strength improving
🔑 Key Levels:
Immediate Support: ₹1,700
Major Support: ₹1,500
Resistance Zone: ₹1,950–₹2,000
🚀 Sustained breakout above ₹2,000 can trigger further upside towards:
₹2,150
₹2,250
Trend is still corrective on higher timeframe, but short-term momentum clearly favors bulls.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS