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.