Range Breakout with unusual/high volume or Breach in Previous high with unusual/high volume in Indiabull Real Estate (IBREALEST) can be seen in 1D Timeframe. Position can be made at CMP or can apply buy on dip strategy till 125 level. Would suggest to apply buy on dip strategy for this security for the short term target of 143 and 160 levels with a strict stop-loss of 124.90 (only on candle closing below basis).
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
Trade closed: target reached:
Our target of 160 had reached, would suggest to book bolding if you're holding any. Can be entered once again in daily TF candle closes above the 160 level.
TF=TimeFrame
TF=TimeFrame
Comment:
re-iterating/revising the targets, since the candle has given closing above our 3rd target which was supposed to act as a resistance, a fresh position can be made and 180 level should be the next target for this trade as suggested earlier.
