Housing Finance is forming a good trendline breakout structure.
81 - is a good support.
It is yet to give breakout. After that we can see good volumes.
The structure is still forming so keep it on radar.
Plan your trade.
NSE:IBULHSGFIN just broke out of a more than 4 year old ascending triangle. It is already ~13% up this month but as per my analysis it can still give a very good return in this month and perhaps next month too. Enjoy.
Note - This is not a Financial Advice. Just a prediction done by me. Always do your own research before trading.
If you look at weekly charts, daily charts and even the monthly charts, the structure is extremely positive. On a very immediate basis, this stock can go towards the level of Rs 240-245. Once it gives a weekly close above 245, there will be a further breakout of four years, four-and-a-half years for internal breakout. In that case, it can even head towards levels...
High volume shows smart investors accumulated at level, positive on day and weekly chart and surprisingly breakout on monthly chart is likely to come soon, keeping all factors, one can make 200 shares investment for 2 two years prespective, may the stock touch his previous highs.
Stock looks good on weekly frame and above 172 it will be rocket. All red lines marked are S/R levels. Take position and add 50 pts dip. No SL as this is positional play
The stock is testing it's 5 year old trendline.
A closing above 215 can maintain the bullish trend in this stock.
This is not a BUY or SELL recommendation.
It is for Educational Purpose only!
Learn & Earn,
Dr. Tanya Kumar
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
IBULHSGFIN - Looks like trying to come out of years of downtrend.
'Based on indicators, Currently trading above most of the moving averages On Daily, Weekly, and Monthly time frames.
Also trying to break 3 years trend line. We can see the triangle pattern formation and breakout here will give good returns.
Also Vol - Buy pressure is increasing, CCI is on the...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
The stock has been absorbing supply since the last Buying Climax (BC) bar.
It broke out of the BC bar and closed high today, supported by a significant volume candle.
The stock dipped to test the supply with a Low Volume Test (LVT).
Further confirmation of an upward trend will be indicated by a candle closing above today's high, potentially leading to...
IBULHOUSING
Double Bottom on Monthly Charts
Breakout and Retest done
Short to medium term investment on dips
SL Below 135
Dips to 170 can be bought
targets 300+
