IB REAL ESTATE 400? Stock is consolidating from a long time 2011 and form a clear descending triangle pattern, As per wave counts and harmonics we can see 400 in this script when share will sustain above 200
Ibrealtest
Breakout - Bounce from EMA 100IBREALEST seems recovering from a downward sloping channel after giving a strong breakout from the pattern. It held its support at EMA 100 which was also a key Price Action level from where price had revered on two occassions before. Seems like there might be some upside potential here. The chart is mostly self explanatory.
IBREALEST - Mid Term SwingIBREALEST
Buy - 125-145
Sl - 100
T- 245
Take qty according to your position sizing.
Reality sector seems to be in a cyclic change.
IndiaBulls Realestate: Classic Wykoff AccumulationCheck the annotation in the chart. There is a big accumulation phase marked by the blue lines and labeling in black font. There is a smaller accumulation zone highlighted in the magenta lines & font. A breakout past Rs.110 would be a major sign of strength in Wyckoff terms. This would open up the possibility of a rally to 298-300 range.
