IBULHSGFIN at an important support area around 246-253. Will it hold.
IBULHSGFIN has been ranging in a Channel Pattern exactly for a year making a 52 week High at 313.70. Now it is in a downward direction and very near the support. The RSI is also moving towards the oversold area. So we can expect a reversal in the near term for a short term target of 315.
Keep on your Radar.
IBULHSGFIN has been ranging in a Channel Pattern exactly for a year making a 52 week High at 313.70. Now it is in a downward direction and very near the support. The RSI is also moving towards the oversold area. So we can expect a reversal in the near term for a short term target of 315.
Keep on your Radar.