Godrej Properties Ltd – Base Formation After Downtrend

📊 Godrej Properties Ltd – Base Formation After Downtrend The stock is showing early signs of stabilization after a prolonged downtrend and is attempting a short-term recovery. 🔎 Technical Observations: • Prior downtrend with consistent lower highs & lower lows • Formation of a double bottom / base near support zone • Price attempting a bounce from demand area • Selling pressure reducing gradually • Momentum indicators showing early recovery signs 🔑 Key Levels to Watch: • Immediate Support: ₹1540 – ₹1465 • Major Support: ₹1395 – ₹1325 • Immediate Resistance: ₹1630 – ₹1675 🚀 Upside Targets: • ₹1675 • ₹1750 • ₹1820+ 📉 Risk Scenario: Breakdown below ₹1465 may invalidate the base and lead to further downside towards ₹1395 📈 Trading View: 👉 Stock is in base formation phase after downtrend 👉 A strong breakout above ₹1675 can confirm trend reversal ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS 📊