Godrej Properties Channel Breakout- Voilent move anytime
Godrej Properties has been consolidated in a channel 850 & 925 for about 10 weeks.
Since expiry, heavy activity is observable at the upper limit of channel.
Any volume supported move possibly very soon can propel it towards 1100 levels with a minor resistance of 995-1000 zone.
SL can be low of the breakout candle & can be later trailed as per swing lows during the move. Script being very volatile, SL have to be set deeper in reference to the swing lows.
Since expiry, heavy activity is observable at the upper limit of channel.
Any volume supported move possibly very soon can propel it towards 1100 levels with a minor resistance of 995-1000 zone.
SL can be low of the breakout candle & can be later trailed as per swing lows during the move. Script being very volatile, SL have to be set deeper in reference to the swing lows.