GODREJ PROPERTIES READYING FOR A MAJOR BREAKOUT!

On the Monthly scale GODREJPROP is trading near its Sep - Nov 2021 highs, & printing a large cup & handle pattern spanning over 2.5 years. A breakout from the pattern may potentially see some significant rally. Its momentum indicator, RSI, has been trading in the bull zone (above 60) since Nov’23, and its relative performance to CNX 500 has been rallying since Mar’23. Also, CNXRealty has been outperforming broader market over the last year, 6-months, YTD, & March 2024. For most part of the last 12 months Realty has been the best performing index.

Disclosure: Only personal Analysis. No recommendation.