IBULHSGFIN - Looks like trying to come out of years of downtrend.
'Based on indicators, Currently trading above most of the moving averages On Daily, Weekly, and Monthly time frames.
Also trying to break 3 years trend line. We can see the triangle pattern formation and breakout here will give good returns.
Also Vol - Buy pressure is increasing, CCI is on the...
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
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Stock is moving in a parallel channel consisting of a horizontal range of 265-200.
Trading Strategy :
Buy above 265 keeping SL of 230 & look for the target of 300/315/350.
ibulhsgfin currently trading in strong bullish channel. Looking really good for swing and positional trades. It's just getting resisted for time being by that level but once it breaks there no hurdle in the path. Wait for the breakout then can be entered.
The stock is near the resistance again and if it breaks and sustains above yellow resistance line, we may see upper marked levels in coming trading sessions.
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Happy Trading!
InvestPro India Team
Indiabulls Housing Finance looking good buy at these levels and can add if comes down to 220-215 range for marked Targets on the chart until 205 is intact on the closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
EXPLANATION : This is a 1 hour time frame chart of IBULHSGFIN , It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on IBULHSGFIN .
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NSE:IBULHSGFIN
Observations:
1) On Daily Time frame you can see that it is forming rounding bottom and it is near it's major resistance of 234 level range.
On breakout of 234-235 level it will give good upmove.
On other side breakdown of 230 level will give down move.
Please refer below chart : Daily time frame.
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The stock is consolidating at a lower support line and if it sustains above 232, Buy trade can be taken for upper targets until 210 is intact on the downside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Indiabulls Housing Finance - Long
Buy : ₹ 217 - ₹ 228
Target: ₹ 254.1, ₹ 272.45, ₹ 292.10,
Support: ₹ 209.55
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I am NOT a SEBI...
There are some observations that can be made on the chart of IBULHSGFIN. The stock had made a run from the low of 19.04.21 and made a peak of 313.70 on 16.06.21. Since then it has pulled back to the 20 EMA, consolidated and is trying to continue its upward move. Price is above both the major averages i.e. the 50 and the 200...
