Godrej Properties Ltd on a daily chart stock price is making higher high and higher low pattern, with increase in volumes. Also we witnessed stock price is trading above the 20 DMA; indicate stock is well placed above the support level. On chart stock price is forming a inverted head and shoulder pattern, which add more bullishness for the stock price.
If
one were to go by the volume data, a higher upswing is seen on the stock price.
Trader or investor can accumulate at Rs.365 level for the target of Rs. 385
levels, with Rs 354 stop loss on closing basis.
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