In monthly, round bottom formed here.
in daily, price broke out of descending triangle consolidation with increasing volume.
with sl - 188, 1st tgt - 352, 2nd tgt - 570, long term tgt - 790
IBREALEST is moving in a traingle for 6 months now. The wicks are spot on the trentline. The last testing of trendline cudnt push it high enough, and its back on the edge. Awaiting a breakdown or reversal. Its closing towards 200 ema.
Share has formed Bullish Harami Pattern followed by Green Candle (shown in blue box) which indicates upcoming uptrend. Relative Strength Index is also supporting price rise. Share Price will go up now.