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.
So here is good triangle formation and there is potential breakout on the cards. IndiaBull has risen up in a jiffy and thats alright, but we aren't aiming for investing purpose. Just a Good Trade for the day with this breakout.
On monthly chart, it is been observed that the price action is been consolidation after a long downward trend that indicates accumulation of shares. Once it closes above 103 levels on monthly chart then it shall signals a new bull wave that will produce a great investment opportunity. Keep this also in your investment watchlist and wish you gain out something out...
Check the annotation in the chart. There is a big accumulation phase marked by the blue lines and labeling in black font. There is a smaller accumulation zone highlighted in the magenta lines & font. A breakout past Rs.110 would be a major sign of strength in Wyckoff terms. This would open up the possibility of a rally to 298-300 range.