Will look for a trading opportunity once prices break outside the triangle range.
ALL DETAILS MENTIONED IN CHART. A BUDGETARY RALLY COULD BE SEEN IN PRICE.
Short IBREALEST at 221 T1: 214 T2: 206 T3: 197 SL: 228
India Bulls Real estate long setup
Stock has a minor resistance at 425, above that can do 468 in short term. Regards
Daily charts of this Real Estate company show higher highs and higher lows as it trades in the upward channel. It broke above resistance of 45-46 levels (aug 2015 & Jan 2016) in June 2016 topping at 62 levels and then crashing again below the 45-46 level (which failed to act as support) in nov 2016 making a low of 33 (almost 50 % correction). In feb 2017 it...
There seems to be a potential Bearish Bat formation on NSE:GMRINFRA on the daily charts. A short can be initiated at 13.88 Target 1 : 12.48 Target 2 ; 11.65 Stop : 14.52 Please Note : The lot size for futures of this stock is 45,000 units. Disclaimer : The chart is only for educational purposes and in no way a recommendation to trade. Please...
Oberoi realty has quite a brand name in Mumbai and its projects always attract a premium. After a great annual result with over 50% sales increase the price zoomed 17% in one day. The stock continued to show strength with steady increase reaching 360 levels. That is a annualized 70% return. However post demonetization saw a strong correction retracing to 260...
It is been observed on daily chart that the price action forms a Hammer candlestick at the support levels where price action was picked up from the day's low to end near the high or open of the day, indicating a bullish come back at crucial support levels. Now, it shall turn up to around 61 levels which is 23.6% Fibs retracement levels. Target: 61 Stoploss:...