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INDIABULL HOUSING BUY OPPORTUNITY (TRADE OF THE WEEK)

NSE:IBULHSGFIN   INDIABULLS HOUSING
Bat
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11
INDIABULL HOUSING IS IN BULLISH TREND ON SHORTER TIME FRAME. STOCK HAS BEEN ON AGGRESSIVE RALLIES AFTER BREAKING ABOVE INR 100 LEVEL. CURRENTLY IT IS FORMING COMPLEX PULLBACK ON H-1. WHICH HAS FORMED BULLISH BAT PATTERN ON THE CHART (H-1). BUYERS CAN LOOK FOR LONG OPPORTUNITIES FOLLOWING SHORT TERM BULLISH TREND CONFIRMED WITH BULLISH CHART PATTERN.

BUY ENTRY: INR 116 TO INR 113
STOP LOSS: INR 108.50
TARGET-1: INR 126
TARGET-2: INR 133

TRADERS LOOKING FOR LONG TERM TARGETS CAN HOLD THEIR POSITIONS TILL INR 143 (RE-TEST OF MAY 14TH HIGH). ALSO INVESTORS/TRADERS LOOKING FOR EXTENDED TARGETS CAN SHOOT FOR INR 170 (DAILY RESISTANCE ZONE ) AS PER IDEA PUBLISHED ON 10TH APRIL 2020 IN THIS CHANNEL.

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