INDIABULLS HOUSING FINANCE LTD

BSE

IBULHSGFIN

TRADE NIVESH : Shares of Indiabulls Real EstateNSE 6.86 % jumped 6 per cent in morning trade on Thursday and looked on course to extend their gains to the second consecutive session.

Watch

Price broke pervious swing low and taking support, see the levels for confirmation

Idea described in charts...

watch

ibulhsgfig cmp 707 bearish SL 715 Target 680, 650,

wait for the market to give best price for buy be clear if it dint break it will pass through 1330 but risk reward less hence wait for the 1140 to 1150 range for good buy stop below the pullback

BULLISH PIN BAR WITH LOW @ PIVOT SUPPORT OF 1175.45 AND 0.618 FIB LEVEL OF 1168.8 FOLLOWED BY A BULLISH CANDLE 1st TARGET 1320 2nd TARGET 1370 STOP BELOW THE LOW OF PIN BAR i.e.1160 RISK-REWARD RATIO OF 1:1

IBULLHSGFIN as recorded lowest low 177.50 on 19.09.13 and slowly price started recovering started making higher highs recorded fresh high 805 on 06.08.15 & moved to sideways slowly had a sharp correction & price halted @ 61% and recorded low of 558. From there price manged to trade on higher highs recently price made high 1189 near 161% of Fibonacci. Currently...

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