Downside Risks Emerge for GODREJPROPERTIES

“GODREJPROPERTY had a very important cycle date yesterday. So, a daily close below yesterday’s low of 2621 is likely to trigger a major breakdown here, which would have very wide targets until early March. For the short term, on the price front, 2550 is an important support. Once that goes, a decline towards 2490 and 2440 is possible during the next few days. A break of 2550 would also open up a trajectory towards 2160, possibly until early March.”

Leave a comment