johntradingwick

Indiabulls Real Estate - Potential Bullish Structure

Long
johntradingwick Updated   
NSE:IBREALEST   INDIABULLS REAL EST
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.

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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.
Comment: Target 1 reached. ✅✅
Trade closed: target reached: All targets reached. ✅✅

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

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