Cup & Handle formed. Handle is formed by double bottoms. Targets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
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....
Triangle breakout with good volumes can gives a signal for a long position, the stock is likely to go up or trade in a small range. Well the news of lockdown in some states can take prices lower, take trade according to market sentiments. SL for long positions - 228, SL for short positions - 235.
Looking at the cloud, the kumo shows the bullish sign but
the candle pattern suggests the weak bulls in the top
Buy above 139 after second candle for target of 3 to 4 rupees
I sense a small profit booking and retracement at the downside
The closing candle looks bullish but weak in nature
If falls below 135, one can enter short position for targets of 3 rupees...
INDIABULL HOUSING: The stock has been trying to pullback, last couple of session witnessed a little advance, the prices didn’t pull up enough to close above the TS & KS lines on daily charts. The RSI is into bearish zone similar indication provided by MACD. A good move above 305 will only establish short term move up or else correction may persist.
IndiaBull Hosuing Finance has broke major support of 555 has started new downward wave, the first support is at 470 and second is at 405.
Place Stop loss at 585.
Do your own research and if this matching with mine then you are ready to go!
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India bulls real estate is emulating Wyckoff theory pattern on daily chart. Volume on the buying side have been high throughout the pattern. Scirp has come out of multi month consolidation with huge volume. On the lower side level of 80 needs to be hold on closing basis to maintain momentum as per theory. Supports are at 95-88. It can be a multi bagger.