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. ...
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.
InvestPro India Team
IBUL housing finance can give a good swing trade if breaks upside. As we can see the price is shrinking between trendline support and resistance so the breakout can be a good move. A breakdown can also be a good trade. Look out for this trade because this stock usually gives very quick moves.
let me know in the comments what do you think.
IBULHSGFIN Long Call has been shared on 9th June 2021. Our Entry was 265. After our entry it shoot to 310++. And Gave us very good return. After hitting the Daily PRZ - it just corrected and done CIP. Now again buying momentum will continue. And we are expecting 8-9% move in few days. And 20% move in the coming weeks.
Buy - Above 285
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-
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...