johntradingwick

Indiabulls Housing - Positional view | Inverse Head & Shoulders

Long
NSE:IBULHSGFIN   INDIABULLS HOUSING
Key Highlights:

1. Bullish market structure - HH, HL
2. Volume expansion
3. Coming out of the accumulation
4. Trendline breakout
5. Forming Inverse Head & Shoulders
6. Successful retest of the neckline
7. Support zone: 227-250
8. Target: 362, 580, 794. Stop Loss: 150
9. Time frame: 15-18 months

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Comments

Very neat diagram. Retest point means you have covered 360 degree view without forgetting anything. Very well done boss.
+1 Reply
@sysgentvl, Thanks a lot for your kind words. :)
Reply
A thing of beauty! How neat is this analysis
Reply
@Gotledu, Thank you :)
Reply
awesome
Reply
@Samkit933, Thank you :)
Reply
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