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Free nse godrejprop chart calls

NSE GODRAGPROP’s Strong Momentum: Analysis and Forecast

Free nse godrejprop chart calls

Timeframe: Daily

The NSE GODREJPROP has been undergoing a correction phase for over 75 weeks, characterized as a double three correction in technical analysis. The current market price is hovering in close proximity to the 200-day exponential moving average.

The ongoing correction is identified as a double three pattern consisting of two sets of a-b-c corrections, which have merged to form the intermediate wave (X). The price has completed the final wave V of the ending diagonal pattern within wave C of wave (Y). The conclusion of wave C has generated significant momentum for the current movement, resulting in a 17% increase over two trading sessions.

NSE GODFRYPHLP – Taking Advantage of Bearish Momentum

NSE’s GODFRYPHLP is currently undergoing a correction structure following a decline from its previous high of 2149. The price has already broken below the previous support level of 1755, indicating a potential opportunity for day traders until the price reaches the next support.

The Relative Strength Index (RSI) of the price is declining rapidly, adding further confirmation to a potential downtrend. If the price continues to sustain below 1747, traders can consider selling for the following targets: 1724 – 1700.5 – 1668+.

Is INDIANB on The Verge Of Bearish Reversal?

On the daily timeframe chart, NSE INDIANB appears weak. The price attempted to form a new high but ended up becoming a corrective structure. The price angle and structure, however, still appear Bearish market structure.

Traders can sell if the price sustains below 285, with targets at 282 – 279 – 274+.

NSE GILLETTE – Bottom Fishing

In the previous trading session, NSE’s GILLETTE recorded a strong close, and the daily Relative Strength Index (RSI) increased from 34 to 41.84. The price held steady at the previous support zone of 4150, indicating a potential rebound.

Traders can look for trading opportunities if the price continues to sustain above 4320. The suggested targets for traders are 4354 –  4424 – 4463+.

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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