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
THESE SUPPORT AND RESISTANCE LINES ARE WORKING LIKE A CHARM, SHORT IF YOU FIND A RESISTANCE WITH NEXT TARGET NEAR NEXT SUPPORT AND VICE-VERSA. TRADE CAUTIOUSLY IF IT LOOKS LIKE SELLERS ARE EXHAUSTED.
TRADE WITH CAUTION, APPLY STRICT STOP LOSS. SUPPORT AND RESISTANCE LINES FOR TARGETS AND STOP LOSS ARE DRAWN.
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.
The price movement is currently in the bullish form.
just sharing some thoughts or say exploring.....? check indicators for positions...
India bulls didnt cross the trendline i am going to buy ... tell me where i am wrong
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
INTRADAY TRADE IN INDIABULLS (IBULHSGFIN) BUY@120.3 STOP@118.5 TARGET-1@123.5 TARGET-2@125 QTY=4000(CASH) !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
I sense the change of polarity shows the next candles forming above 140 will make this a god breakout Ichimoku and kumo clouds sense bullish for now buy above 132 for safe targets of 135 and risky target of 140 for now Take short position below 128 for 125-122-120 targets based on your attitude All the best
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...
FOLLOW WAIT FOR NEXT CANDLE ON 1ST APRIL
FOLLOW
ONCE A 30 MINUTE CANDLE WITH GOOD VOLUME CLOSES ABOVE HORIZONTAL LINE TARGET IS GIVEN WITH ARROW WHICH IS A GAP WHICH MAY BE FILLED STOP LOSS IS 240.15 TRADE AT YOUR OWN RISK
Indiabulls Housing Finance Long side opportunity with 200 SL closing basis....