Indiabull real estate: Black Horse

India bulls real estate is emulating Wyckoff theory pattern on daily chart. Volume on the buying side have been high throughout the pattern. Scirp has come out of multi month consolidation with huge volume. On the lower side level of 80 needs to be hold on closing basis to maintain momentum as per theory. Supports are at 95-88. It can be a multi bagger.

Trade active:

After posting low of 90, it is now trading at 116. Keep holding with same stop loss of 80 on closing basis.

Trade active:

Today it has closed at 130. It is expected to move towards 142-143 . Those who have bought at support of 95 can look for exit at 142 . ( 50% + return in less than 20 days ).

However, our client will exit position on the bigger target given to them.