Indiabulls Real Estate - Gap Fill time
A stock thats been underperforming badly in the real estate sector.
There is obviously a mistrust by the market because there is no promoter.
But they do have a lot of asset and land bank which actually makes them a prime takeover candidate too. (Talks of which have been ongoing since a long long time but hasn't been confirmed via NCLT)
There is now a gapfill above 104.50
Once 105 gets conquered it could go to 120
A stoploss of 94/95 can be kept for this trade.
There is obviously a mistrust by the market because there is no promoter.
But they do have a lot of asset and land bank which actually makes them a prime takeover candidate too. (Talks of which have been ongoing since a long long time but hasn't been confirmed via NCLT)
There is now a gapfill above 104.50
Once 105 gets conquered it could go to 120
A stoploss of 94/95 can be kept for this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.