Fallen from Grace...will it regain its Samman??

3 days agoSammaan Cap CMP 168.41 - Investors

Formerly I Bull Housing Finance. This stock has had a huge plunge. IT lost all its samman. Here are the reasons to buy it.

Fibs- the full retracement to 61.8% of the swing is an indication that bears are loosing their grip.

Elliott- this could be start of the 3rd wave. Could be co there can be many one and twos before the 3rd comes.

RSI- Taking support above the bull zone. Also now taking support above the falling trendline.

Volume- it is showing slow accumulation.

MA- the longer MA support is just under the current price.

Candlestick - thats a key reversal a directional buy signal.

Double Bottom - we have a directional buy signal right at the bottom.

Conclusion - I am pretty bullish on Housing finance and NBFC's in my view this is a very good buy at CMP for the reasons mentioned above. Buy and hold.