Indiabulls Housing - Positional view | Inverse Head & Shoulders Long

INDIABULLS HOUSINGNSE

Description

⋅ Jun 6, 2021 3:10 PM

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

sysgentvl

⋅ Jun 7, 2021 2:43 PM

Very neat diagram. Retest point means you have covered 360 degree view without forgetting anything. Very well done boss.

johntradingwick

⋅ Jun 7, 2021 2:54 PM

@sysgentvl, Thanks a lot for your kind words. :)

rkasi2010

⋅ Jul 4, 2021 6:46 PM

All you charts are nicely done/ crisply explained. Thank You! Based on your chart for IBULHSGFIN, can we expect a retest of the potential support zone and a bounce back to targets please? Thanks!

Gotledu

⋅ Jun 10, 2021 8:54 AM

A thing of beauty! How neat is this analysis

johntradingwick

⋅ Jun 10, 2021 9:27 AM

@Gotledu, Thank you :)

Samkit933

⋅ Jun 7, 2021 12:23 PM

awesome

johntradingwick

⋅ Jun 7, 2021 12:34 PM

@Samkit933, Thank you :)