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Bullish wolfe wave pattern is formed in IBREALEST.
As a investment strategy stock can be bought at current level for a target level around 250 in Medium Time frame.
Price action higher high and higher low is also generating positive confirmation for the script.
Major support and resistance area keep a watch on levels of
164 to 180
can see any side frm 164
Probability On this chart.
IBReal has seen meteoric rise on the back of block deals after block deals, margin for some correction if the trendline is violated. Be on the lookout.
Today, the price action breaks above the downward trend line, indicating bullishness. It is signaling that bulls are back in control of the price action.
Good time to enter:
On monthly chart, it is been observed that the price action is been consolidation after a long downward trend that indicates accumulation of shares. Once it closes above 103 levels on monthly chart then it shall signals a new bull wave that will produce a great investment opportunity. Keep this also in your investment watchlist and wish you gain out something out ...