INDIA BULLS REAL ESTATE stock's price has broken out the trendline and the previous swing high at 143. Currently, it is under the pullback test. If the price manages to sustain above 144, then we can go long.
The potential reversal zone may be a hurdle. So, book your profits near this zone. Above PRZ, a further uptrend could be seen.
The demand zone below can act as good support for the price. So, place your stop loss below this demand zone.
All the levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
The potential reversal zone may be a hurdle. So, book your profits near this zone. Above PRZ, a further uptrend could be seen.
The demand zone below can act as good support for the price. So, place your stop loss below this demand zone.
All the levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Trade active:
Bounced off the support. Can go long now
Trade closed: stop reached:
I know the stop loss was hit. But there was a beautiful opportunity below the demand zone. The pullback test failed after breaching the demand zone on the downside.
It was a bear trap or correction, people felt it is a fall. Always wait for a pullback for taking positions.
Nevertheless, the levels are still working.
It was a bear trap or correction, people felt it is a fall. Always wait for a pullback for taking positions.
Nevertheless, the levels are still working.
