Godrej Properties #Screener — Hold Fib Levels After Correction

Godrej Properties (NSE: GODREJPROP) is stabilising after a prolonged correction from the ₹3400 zone.
The stock has held key Fibonacci retracement levels and is now forming a base between ₹1900–₹2250 — a critical structure zone for trend continuation.

This behaviour is typical of strong mid-large caps that correct deeply, reset sentiment, and then rebuild a trend.

📌 Structure Highlights

• Held 0.618 retracement (₹1916) perfectly — strong long-term support
  
• 0.50 level ₹2198 reclaimed → bullish sign
  
• Price still below major supply around ₹2479–2557 (orange box)
  
• Higher lows forming since the ₹1005 bottom
  
• Trendline support from 2023 still valid (grey dotted line)
  
• RSI showing slow momentum recovery after bearish cycle
  

📌 Key Levels to Track

Support Zones:

• ₹2190
  
• ₹1916 (major Fibonacci support)
  
• ₹1515 (0.786) — deeper trend support
  

Resistance Zones:

• ₹2221 (near-term resistance)
  
• ₹2479–2557 (strong supply zone)
  
• ₹2828 (0.236 retracement)
  

₹3390–3400 (major ATH resistance)

A clean weekly close above ₹2479–2557 would unlock higher trend continuation.

📌 Technical Snapshot

✅ Holding major Fibonacci structure
✅ Trendline support intact
✅ Slow volume expansion near base
✅ Higher lows forming
✅ Recovery setup, not breakout-chasing

Bias stays neutral to bullish above ₹1916, turning stronger above ₹2221.

📌 View

The stock is in a large consolidation zone after a strong multi-year rally.
Watching for a breakout from the ₹2479–2557 supply region to confirm trend continuation.

📒 Educational market structure analysis — not investment advice.