Long-term investors can buy Prestige Estates projects (£ 1,782). There is an early sign of confirmation that the downward trend that has been in force since June last year will be reversed.
Two important factors justify the case for a trend conversion. Firstly, a reverse head and shoulder reinforcing pattern is on the daily/weekly graph. The neckline resistance at £ 1,720 has just broken. Secondly, there is a bullish advancing average overs overs on the weekly graph. There is £ 1,730-1,690 in the region in the region. Among that £ 1,565 is the next important support.
Prestige Estates Projects Project Price can rise to £ 2,500 in a year or two. Long-term investors can now buy Prestige Estates projects at £ 1,782. Collect on dips at £ 1,740. In the first instance, keep the stop-loss at £ 1,370. Trail de Stop-Loss up to £ 1,880 when the price rose to £ 2,020.
Review the stop-loss higher to £ 2,060 and £ 2,250 when the price rose to £ 2,190 and £ 2,380 respectively. Leave the shares at £ 2,500. The Bullish View only goes wrong if the share falls less than £ 1,565. If that happens, the share price can fall to £ 1,400-1,350.
But such a decrease looks less likely because the recent increase takes place after a strong basic formation between £ 1,580 and £ 1,700. The chances are therefore high for the shares to get new buyers on the market around £ 1,700 and to limit the disadvantage.
Published on July 20, 2025
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