Based on my PredictiveSystem's signals, its going to be a GREEN candle on 07-Jun-2018 for IBULHSGFIN
Buy Above: 1183.1 for targets -
T1: 1192
T2: 1197.3
T3: 1202.9
SL: 1173.6
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
Stock has been in a strong one way downtrend. Currently near a support zone of 1125-1130.
This zone is quite important. There is 1:1 harmonic completion in this zone. Also 38.2% retracement of its bull move from 600 to 1450 falls in this zone.
I am not expecting complete reversal, due to enormous strength in the current downmove, but a relief rally that could...
these are not a recommendation but my way of taking a trade .
will like to go short on he stock with stop loss 1965 or depend on the conditions .
can trail stop loss if necessary!
IBULHSGFIN has completed the much anticipated and a slow ROund bottom. and back to testing the lifetime highs. May breakout or reverse on account of Results. MIght Flag up after the sharp leg up, before taking a direction.
IBLHSG has been moving in the falling wedge for a while. bpunced back from its weekly trendline. CUrrently on the edge of wedge, awaiting a breakout/reversal.
IBULHSGFIN is dancing in a rising_expanding_Wedge,
.. which looks like a Flag on higher timeframe of a solid leg up since start of 2017.
Right now its approaching the middle level of the wedge, crossing which can lead to the completion of the leg down.
or it can reverse form there.
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
IBULHSGFIN- Stock just on making of head and shoulder and created neckline at level of 1050-1060 so its at strong support of bulls in this stock if stock trade below that then stock can see 975-925 also but if still in bull so there right shoulder high can be 1150-1175
Very long narrow trendline about to break on coming days and it may leads to fall. MACD not completely bearish trend but bearish on bullish trend.
Trade:
Short below - 1110
Target 1 - 1088
Target 2 - 1069
Target 3 - 1051
Stop Loss - 1130
Note - There is a Range on Target 2 & 3. Avoid confusion on targets, if the target 1 hit then keep change the stop loss...
