Gladiator Stocks - Godrej Properties - ICICI Direct

Technical View

The Realty index is in structural uptrend after recently breaking above its decade long consolidation. The index is forming higher peak and higher trough in all time frame. One of the preferred pick within the realty space is Godrej properties which we expect to outperform The stock has retraced 61.8% of its preceding three weeks decline (Rs. 1697-1431) in just a single week highlighting strength The weekly 14 periods RSI has generated a buy signal moving above its nine periods average thus validates positive bias

For details, click on the link below: Link to the report

Shares of Godrej Properties Limited was last trading in BSE at Rs. 1580 as compared to the previous close of Rs. 1595.75. The total number of shares traded during the day was 37972 in over 3369 trades.

The stock hit an intraday high of Rs. 1615 and intraday low of 1565.5. The net turnover during the day was Rs. 60465805.

Source : Equity Bulls

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