Lets wait stock to touch the level between 163-166 . Short at this level for the target price of 145 with tight SL 172. We can also trade after BD level of 155 but this is not good risk to reward ratio. Lets see & wait for the session. This is for your educational purpose only.
IBHULSGFIN stock on daily chart is in uptrend & forming the double bottom pattern. After the BO of Resist level of 230 in the upcoming session long entry can be taken for the target price of 255 with the SL of 216 . So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never...
Indiabulls is gearing itself for a major breakout.
Price is in consolidation zone after a major uptrend & volume consolidated after a decline.
It has formed a Pennant structure & uptrend will continue once it breakout of the upper trend line.
Major resistance at 235-238 levels.
Entry would be above 238 once it breaks the resistance and upper trendline with heavy...
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.
India Bulls Housing Finance looks good to me.
However, need to wait for the price to correct a bit and let touch the trendline and support zone.
If it holds and shows and reversal candlestick pattern, I will take long position in IBULHSGFIN with a Stop Loss at 120.