INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 16th) IBREALEST #SELL 86.86 & #BUY ABOVE 91.65
Looking at the chart in a macro view. Stock should correct near its key level. Solid Financial reports may produce a different story.
Bullish wolfe wave pattern is formed in IBREALEST . As a investment strategy stock can be bought at current level for a target level around 250 in Medium Time frame. Price action higher high and higher low is also generating positive confirmation for the script.
IBREALST has been moving in a range for six months now. currently on the edge awaiting a breakdown /reversal
IBREALEST is moving in a traingle for 6 months now. The wicks are spot on the trentline. The last testing of trendline cudnt push it high enough, and its back on the edge. Awaiting a breakdown or reversal. Its closing towards 200 ema.
IBREALEST entry is as follows. Buy above 245 Short below 201 Targets and SL will updated once trade is active
Target : 181 Stop Loss : 233.5 Entry Position : 205
Short IBREALEST at 221 T1: 214 T2: 206 T3: 197 SL: 228
Buy IBREALEST upon re entering into the channel. Buy above 248 T1: 266 T2: 280 SL: 235
India Bulls Real estate long setup
NSE:IBREALEST Symmetrical Triangle formed in four hour chart. One can think to buy the stock above the Brake-out levels with a target of 254.8, sl 194.3
Cup & handle pattern is under making & after breakout it will give good returns. One can add if closing above 220+ on daily basis. Sl would be 180.
I will be looking for long opportunities in the stock. I expect it to move further up. Don't make long positions below the trend line. Above it, it's still strong.
Short at 168 Target 1: 157.5 Target 2: 150 Target 3: 144 SL: 177
Short Term breakout watch near retest of BO level for Target 95+ stoploss CB 80
Ibrealest will give a short breakout below 70 it can go to the level downside level 69.35 upside safe level 70.60