Price Moving in a Channel

Feb 1, 2022

Indiabulls Housing Finance is moving in a parallel channel and the supports are moving a notch higher with passage of time and since the price is at lowest end of the channel , it gives a good opportunity to go long in this stock . The stop loss for the said trade should be 200 on closing basis and Targets could be as high as 313 in short term . The trade would represent a good risk to reward ratio of more than 1:4 or 1:5. This analysis is for purely understanding purpose and educational purpose . Please do consult your financial advisor before leaping into any trade.