Einstein15

IBREALST Range Breakout

NSE:IBREALEST   INDIABULLS REAL EST
IBREALST has been moving in a range for six months now. currently on the edge awaiting a breakdown /reversal
Thanks for the chart, Einstein15! Knowing the fact that stock was in downtrend testing 195 from 220 levels post its result day, and now going back again to 215... where do we see IB Real Estate going? CMP is 215, would it be a fine bet to add this at CMP? The P/E and EPS appears intriguing. Please share your thoughts on the same. Thanks!
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Einstein15 sahilmathur
@sahilmathur, ON short term, it has broken the trendline and retested it and heading higher, if it breaks the previous highs it can move upto the 618 /786 FIB levels atleast. But if u look at monthly charts, its just a flag. Anything above 235 is in the supply zone.

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Einstein15 Einstein15
@Einstein15, none of the monthly candles has closed above 235 in last 8 years.
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