Multibagger Stock: Godrej Properties up by 60% in just 6 months!!

godrej propertirs multibagger May 08, 2024

We published about Godrej Properties in November 2023 and predicted the possibility of Multibagger returns in coming 2-3 years. Check out the below research we had published on 24th November 2023 itself –

This stock has managed to hold its gain and gave more than 60% returns in 6 months of span and made a life time high of 2912 levels.

Godrej Properties Weekly Chart Anticipated as on 24th November 2023 with 53 period Time Cycle

Multi bagger stock recommendation: Godrej Properties

Buy Price – Buy at CMP 1845 more on dips

Time Horizon –2 to 3 years

Investment – 5% of capital

Target price –??

Stop loss - ??

Anticipated as on 24th November 2023 – Elliott Wave Theory:

As can be seen on the weekly chart, prices have moved from the lows of 159.15 towards the high of 2499 in a small period of 7 years. Post the formation of a high near 2499, the price corrected in the form of wave 4. Wave 4 got completed near channel support which was near 1000 levels. Price is currently moving upward in the form of wave 5         

Stock has been forming lows every 53 Weeks as per this cycle and we can clearly see that in above chart. According to this cycle, the stock has formed lows every 53 weeks, as shown in the chart above. The blue line represents the 53-week time cycle, and we can see a sharp bounce back on the upside when prices are near that level. Recent low was also captured by our cycle from where a sharp bounce on the upside was witnessed.

Godrej Properties Daily Chart Happened as on 8th May 2024

Happened– The stock has been moving in sync with our expectations. After a minor dip, the stock has shown sharp rise on the upside which is overall 60% from the lows in just 6 months of span!!! It has touched its fresh record high near 2912 levels recently and currently it is quoting near 2770 levels. The overall up move has been strong and we expect prices to achieve its target of...levels in coming months.

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