RiteshKumarSinha

RSI DIVERGENCE ON IMPORTANT SUPPORT AREA

Long
NSE:IBULHSGFIN   INDIABULLS HOUSING
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2
IBULHSGFIN showing RSI divergence on important support area (daily and weekly) upward move can be seen form this level

Comments

Thank you sir. It's almost getting out of f&o ban. Hopefully there is short covering and not build of shorts. Keeping fingers crossed. trapped from higher level .
+2 Reply
I think correction will be over in 1 or 2 days. It is on support area now. we should hold for the up move
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umarkhan00786 RiteshKumarSinha
@RiteshKumarSinha, Do you have any idea how low it can go so that I can buy more share to average.Thanks
+1 Reply
it is very important support. should not go below that. depending on market conditions.
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Buying price is 290 level what should I do hold aur exit ?
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apratimbanerjee08 umarkhan00786
@umarkhan00786, 235-245 is important support zone. Should hold for continued upward momentum, otherwise the last stance for bulls is 220-225 zone. If price goes below that, bullish momentum will be lost. Set stop loss and manage risk accordingly
+1 Reply
umarkhan00786 apratimbanerjee08
@apratimbanerjee08, Thanks 😊
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