📊 Godrej Properties Ltd – Base Formation After Downtrend
The stock is showing early signs of stabilization after a prolonged downtrend and is attempting a short-term recovery.
🔎 Technical Observations:
• Prior downtrend with consistent lower highs & lower lows
• Formation of a double bottom / base near support zone
• Price attempting a bounce from demand area
• Selling pressure reducing gradually
• Momentum indicators showing early recovery signs
🔑 Key Levels to Watch:
• Immediate Support: ₹1540 – ₹1465
• Major Support: ₹1395 – ₹1325
• Immediate Resistance: ₹1630 – ₹1675
🚀 Upside Targets:
• ₹1675
• ₹1750
• ₹1820+
📉 Risk Scenario:
Breakdown below ₹1465 may invalidate the base and lead to further downside towards ₹1395
📈 Trading View:
👉 Stock is in base formation phase after downtrend
👉 A strong breakout above ₹1675 can confirm trend reversal
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊