Indiabulls Housing Finance is showing a Breakout retest after showing a Bullish RSI Divergence on the Daily timeframe. Hilega-Milega is positive and RS 55 is bullish as well. Stock is near the high of the previous day after range contraction for 2 days continuously.
- Price coming out of VCP contraction range;
- Spread value crossing over 50 ma;
- Positive Volume Activity during VCP Breakout.
- Accumulative volumes during consolidation.
- Stock took a breather of 20% after 110% rally.
