So was discussing with my veteran friend who is actually a very good investor. He suggested that Indian Real Estate has been undervalued and there is a large move which is possible.
So, I was going through couple of Real Estates in FNO. First hit was DLF, and I think I saw a no brainer move in DLF. Classic cup and handle pattern on Daily and guess what, retesting is also done. So should only fly above from here.
Should touch 400 very quickly from here. IT is too obvious, Banks are next bet, but nobody is looking at real estate, who knows, may be smart money is!
* This is a discussion on patterns and not a trading advise, I am a newbie trader, don’t buy on this please. Please trade your hard-earned money on a registered stock market expert's opinion.
Trade active
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400 touching today. Perfectly moving as pattern.
Trade closed: target reached
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Honest disclaimer, I had no clue on the Evergrande Crisis !