Indiabulls Real Estate - Potential Bullish Structure

johntradingwick Updated   
The price breached the downtrend line with high volume and rallied to change the market structure. This strong momentum increased the RSI to the 70-ish level. The price may now consolidate a bit to cool off the RSI, before giving the next leg upwards. This seems like a good time to accumulate. The market structure is clearly bullish and all the dips must be seen as buy opportunities.

The target which I am looking at is 121.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

If you like my charts, make sure to share and comment.

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Target 1 reached. ✅✅
Trade closed: target reached:
All targets reached. ✅✅

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

✅ Telegram:
✅ Blog:
✅ Rounding Top pattern:

Related Ideas


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.