premanandh

buy or go for long

Long
NSE:IBULHSGFIN   INDIABULLS HOUSING
TRADING PLAN FOR MONDAY: India bulls housingfinance is in uptrend in monthly, on weekly charts it is trading inside channel and formed hammer at the base of channel the pattern also looks like triple top on daily charts it formed bullish engulfing candle on daily charts rsi on daily charts has been hitting 30 levels and returning back all signs indicating for an uptrend so if confirmation comes by any green candle on monday we can o for long upto 1400 levels

Comments

thanks for the analysis.
can you please mention where you saw the 'hammer' , 'bullish engulfing' pattern. the support level at 1162-1120 looks strong.
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