Ibull Hsg Fin has created 1-2-3 type positive divergence on daily RSI which was followed by sharp run. It is standing at resistance level of 715 (23.6%) retracement and multiple resistance zone of 710. Buy above 716 with stop loss below 700 for target 756 (38.2%) retracement and 766.
#IBULHSGFIN CMP 700 BUY BREAAKOUT ENTRY IF THEN PRICE ABOVE 740 FOR NONSTOP TARGET 870++
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INDIABULL HOUSING FIN has made a 100% text book evening star at a resistance level and has formed an engulfing pattern on a pullback today . Can go short at CMP and stop loss of 930 for targets 800 / 750 /650 .
Indiabulls Housing is on the verge of breaking out above it's previous high of Rs.880. If it successfully breaks out then it can move up to Rs.1080-1090 in a few days. One can buy this stock around Rs.885 with a stop at Rs.830. Nifty is jittery around it's old highs and is at a PE of more than 29 so trade cautiously. Happy Trading :)