Expecting rhis stock to take support at 220 levels and move upward towards 260-270 Zone with demand for houses increasing we can see an easy upside of abt 20-25% from current levels. Important point is to keep in mind that LIC has an exposure of abt 9.9% in the stock (data from screener) Disclaimer :- This is mainly for educational purpose, take your decision...
Idea based on daily levels. Next resistance now near 290ish areas.
IBULHSGFIN looking bullish for long term. Minimum two to three months.
UNDERSTANDING TRENDS THROUGH SUPPORT AND RESISTANCE.
NSE:IBULHSGFIN
Just for Self observation
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.
As per price action Indiabulls Hsg finance is in very good demand zone.
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...
Symmetrical Triangle since Jan 2020. Bearish MOmENtum. One can buy around 197 levels.
Hammer Candle on Daily after fall from multiple days.
Let's wait for the BO or BD of the channel pattern.
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...
IBULHSGFIN is trending in Wedge pattern and can be bullish in an uptrend breakout at 225 NSE:IBULHSGFIN
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.