ankit3000
Long

IBREAL - Rise to resume

NSE:IBREALEST   INDIABULLS REAL EST
99 views
3
Stock in strong upmove.
Recently it has seen narrowing bollinger bands followed by another spike in price.
Today a block deal caused sharp retracement and it closed on 61.8% Fib Level at 191.50
If it managed to stay above the level one should go long at CMP with stop loss of today's low 174 with open targets.
Trade active
Comment: 7% up from entry price.
keep your stop loss in force and enjoy the upmove
Comment: Not sustaining at lower levels.
Still a lot of power remaining
Trail SL at recent Swing low 195 and hold
Comment: 195 Still acting as a good support.
stock up 10% from entry level.
Aggressive traders may add positions upon pullback around 204-205
Stop loss remains same.
Comment: Stock Hit 242 today.
Close your positions.
Trade closed manually

Comments

its a clear sell on rise stock
Reply
ankit3000 Utkarshchothani
@Utkarshchothani, All depends on level. I suggested to buy if it manages to stay above today's close and I shall stick with my views. Buy only if it manage to stay above today's close
Reply
I believe it's now a short on rally stock. Let's see..
Reply
ankit3000 xclusiv_abhi
@xclusiv_abhi, All depends on level. I suggested to buy if it manages to stay above today's close and I shall stick with my views. Buy only if it manage to stay above today's close
Reply
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