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
IbullHSG is showing strength in charts for upside journey + Fundementally It is also showing strength. New Investors showing interest,..Enter with your own Conviction and Financial Guides
#IBULHSGFIN
Shortterm (1 to 3 months)
Buy above 285
Stop Loss 255
Targets are 314 and 350
Longterm (3 to 12 months)
Buy above 285
Stop Loss 200
Targets are 375 and 620
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
Hii this is trader Kanishk
Today IBULHSGFIN is trending in on my Radar
and i am going to take a long positional trade.
YOU CAN ALSO
Target 254
Watch this video complete then take decision.
wether BUY Or SELL.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please always take trade after managing your risk reward .
Guys...
