India Bull Real Est : Flag ready to unfurl ?

Those who have not read our first report on IBREALEST , please read report appended below. It is evident from the chart that bullish flag pattern had been formed and breakout has already taken place. If you count volume , then red arrows are showing volume of pole and breakout which is quite high and gives strength to our idea of flag pattern . MACD is showing short term bullish momentum to continue. Target of pattern is 147 but we have one major resistance at 142.50-143.50 zone ( 38.2% retracement of bear wave from 269 to 69). We'll buy counter only in dip around 128-125 zone with stop loss below 118 for target 143.

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