INDIABULLS HOUSING FINANCE long
After completing a a Cypher pattern(XABCD) and taking the support on green line, IBULHSGFIN has finally acted on 50-20 DEMA crossover and gave a strong bullish candle today.
The stock shows a bullish move to test the resistance of 250. Today's volume(78.805MN) and MACD(1.8) shows great strength.
Above 220 I see a clear target of 235-250. If the resistance of 255 is broken then a big bull movement can be observed.
All indicators testes gives a 90% buy movement.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
The stock shows a bullish move to test the resistance of 250. Today's volume(78.805MN) and MACD(1.8) shows great strength.
Above 220 I see a clear target of 235-250. If the resistance of 255 is broken then a big bull movement can be observed.
All indicators testes gives a 90% buy movement.
You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.