Short Video - How we maintained our bearish outlook in this stock since 5th Aug 2020. I am excited to see 57% drop from the highs of 1063 to 457 (recent low).
Hope you enjoy the video & let me know your comments. Have a great day ahead.
In this video I have discussed about the bullish patterns seen in the chart. Both in weekly & daily time frame. Note : Understand the trend and trade, though the patterns are bullish. Pull back are valid as long as price stays above 885 - 890.
India Bulls Housing Finance has suffered a rapid fall and now price has been trading in a range.
With upper range at 300 and lower range at 85-90 levels.
A Sharp volatility contraction is happening in the stock which can break on the upside.
Check the video for more details , risk reward for this trade is 1:4.
Cheers,
priceNpedia
Nifty Strong support - 18000
resistance -18300
looks like gap up and followup buying in nifty
Banknifty
resistance -42200
support -31500
trend will be gap up around 42000 levels
#Banknifty
#nifty
