Long
IBREALEST :: LONG Buildup
IBREALEST Breakout on Consolidation range & Multiyear Resistance Trendline
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-- Buy range (165 - 175) if price sustains/retraces this
range in next few days
-- S/L 150
-- Add more above 185-190 & Trail SL
Reasons for increased probability::
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-- Price broke two resistance areas with good volume.
-- high delivery volumes seen yesterday.
-- Momentum breakout in RSI
/**
Caution : Smallcap RealEstate stock... Prefer allocating <5 - 10% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
--------------------------------------------------------------------------------------
-- Buy range (165 - 175) if price sustains/retraces this
range in next few days
-- S/L 150
-- Add more above 185-190 & Trail SL
Reasons for increased probability::
----------------------------------------------
-- Price broke two resistance areas with good volume.
-- high delivery volumes seen yesterday.
-- Momentum breakout in RSI
/**
Caution : Smallcap RealEstate stock... Prefer allocating <5 - 10% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
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