Godrej Properties\, DLF: How to trade real estate stocks post stamp duty cut

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Godrej Properties, DLF: How to trade real estate stocks post stamp duty cut

Price-volume trend indicates a further upside for realty stocks

Topics
stamp duty | Realty | Godrej Properties'

Avdhut Bagkar  |  Mumbai 

Godrej Properties Ltd (GODREJPROP): The stock is revolving around the 200-day moving average (DMA), as per the daily chart. On Thursday, the price scaled above the 50-DMA located at Rs 883, indicating further upside in the direction of the resistance around Rs 915 levels. The significant surge in volumes with a gap-up opening also reflects the interest of market participants.

The support comes in at Rs 875 levels. CLICK HERE FOR THE CHART Oberoi Realty Ltd (OBEROIRLTY): The trend looks promising as the counter is attempting to absorb the selling pressure at higher levels. Oberoi may see ...

First Published: Thu, August 27 2020. 11:22 IST