finalyticsbreweries

IndiaBulls:Pennant Formation- Possible Breakout

Long
NSE:IBULHSGFIN   INDIABULLS HOUSING
Indiabulls is gearing itself for a major breakout.
Price is in consolidation zone after a major uptrend & volume consolidated after a decline.
It has formed a Pennant structure & uptrend will continue once it breakout of the upper trend line .

Major resistance at 235-238 levels.
Entry would be above 238 once it breaks the resistance and upper trendline with heavy volume .

Target: 280
SL: 210