Godrej Properties – Long term Buy

RECOMMENDED TO CLIENTS ON FEB 25 TH @155-160 FOR  TGT 200 TODAY STOCK HIT 196

Godrej Properties Technical View:

-> The stock has been in a downtrend for the last many months.

-> Recently the stock has seen an increase in volumes and a falling wedge pattern being formed.

-> A falling wedge pattern indicates a major long term trend change. Sustaining above 170 would be the confirmation of a breakout.

-> Accumulate Godrej Properties at 155-160 with a stoploss of 145 and a target price of 200-250 in medium term.

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