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Arpit Goel

22nd Apr 2025 · SEBI-Registered Analyst

GODREJPROP
Stock for watch

GODREJPROP
Godrej Properties Ltd is currently showing signs of consolidation after a prolonged downtrend from its ₹3,200 peak in mid-2024 to a low near ₹1,850 in early 2025. The stock has since formed a base around the ₹1,900 level, which has acted as strong support, and it's now attempting to break higher within a sideways range of ₹1,900–₹2,200. Today's bullish candle at ₹2,095 with a 2.46% gain and relatively stronger volume suggests renewed buying interest, possibly positioning for a breakout above the range. A sustained close above ₹2,200 could indicate a trend reversal, while a breakdown below ₹1,900 would resume bearish momentum.

#TechnicalViews#WatchOutFor
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