Godrej Properties
CMP-1187
The stock has corrected from 2600— from last October 2021…more than 15 months.
Is the correction over ?
Can’t say but we can see few intial signs.
A triple bottom – and divergence in RSI.
Price was coming to same point but RSI was not going back to old levels .
This is one of the several methods of bottom fishing. But we need lot more confirmations to be confident that correction is over.
Now it can come in the watchlist and once can track as per stage -analysis method.
Weekly chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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