Almost all the sectors have recovered post march downfall but nifty realty yet to recover.
This sector started reacting from a very strong buying zone, some of the stockes like Prestige, Sobha, DLF started showing upmove. keep an eye on realty stocks for good returns in coming days.
Below are the realty stocks with their weightage-
DLF 26.50
Godrej Properties Ltd....
1. IBULL broke down the lower timeframe resistance and now moving towards higher time frame resistance (Red Horizontal Line)
2. 3 HR Bullish Diversion playing out.
3. Strictly follow the Stop Loss.
Diversions provides you best possible scenario with worth R:R.
Playing out them either makes small loss or bigger reward.
I HAVE FOLLOWED IBULHSGFIN FOR OVER 6 DAYS AND NOW THE STOCK IS PERFECT CANDIDATE TO STRADDLE .... AS THE IV PERCENTILE IS 98 WE CAN NOW SELL AT THE MONEY CALL AND AT THE MONEY PUT TO TAKE THE ADVANTAGE OF HUGE VOLATILITY CRUSH ......... I WILL SIGGEST TO BUY IT AND KEEP IT FOR ATLEAST 10 DAYS .....TO GET A HANDSOME RETURN ...AND IF YOU WOULD LIKE U CAN EXIT...
Ascending triangle pattern formation on IBULHSGFIN and it will break on upside of the triangle.
Trade:
Buy above - 1152.50
Target 1 - 1160.00
Target 2 - 1164.00
Stop loss - 1143.00
R:R = 1 : 1
