Volume at Price for Godrej Properties: (1) There is an accumulation from 850 - 1050 zone (2) Trending Phase from 1050 - 1250 has small participation (3) Huge volume at 1300-1500 zone
Looks like many buyers who entered in 850-1050 zone have exited their positions. Our assumption for the analysis is that buyers who have entered in the latest accumulations are emptying their positions. However, if the selling volume is by longer timeframe traders (who have accumulated much earlier) and there is a fresh buying happening our views might get wrong. Our views will get negated if price sustains above 1320 levels on daily closing basis.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Emir iptal
⋅
Views negated, though Godrejprop managed to stay in a range for a good time. We enjoyed the decay in May series.