A stock thats been underperforming badly in the real estate sector.
There is obviously a mistrust by the market because there is no promoter.
But they do have a lot of asset and land bank which actually makes them a prime takeover candidate too. (Talks of which have been ongoing since a long long time but hasn't been confirmed via NCLT)
There is now a gapfill...
NSE:IBREALEST
1. IBREALSTATE BREAK ITS WEEKLY RESISTANCE AND WEEKLY CANDLE CLOSE ABOVE 200 EMA AND 200 SMA.
2. If IBREALSTATE gives pullback then it will be a good opportunity to buy this stock .
Buying zone - 84 - 89
SL - 76
Target 1 - 100
Target 2 - 110
Target 3 - 120
Only for educational...
The chart looks good because of following reasons:
1. Crossing above all EMAs in monthly, Weekly & Daily TF.
2. Breaking out of Parallel Channel
3. Near previous swing highs
4. Good Volumes near top line of parallel channel.
5. Good reward Ratio
Tomorrow's weekly close will decide whether the plan is activated or not.
As per trading setup, clear signals are coming from MACD and RSI and other moving averages, that pull back from 87 can go upto 100 and 120 in coming weeks.
A stock i don't know much about fundamentally..
But its crossed above the 200WEMA which is always a healthy trigger.
Long at CMP with SL below 90 makes for a super trade here. The stock is making new highs and might break towards 108 and then further.
A clear breakout and retest on the weekly charts and the stock is on halt before a big move to the levels of 95-120. One can plan to go long on CMP or buy on dips with a stop loss of 70 on weekly closing basis below which the breakout will fail.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR...
the stock is surfing 10-20 ema + shakeout+ big vol bars = good strong bullish close-- with all these market being bullish- the stock can shot up good on the long side. this analysis is only for educationl purpose , kindly do proper risk managemnt before taking the trade in financial market.
Retest of the Breakout given of Inverted Head & Shoulder Pattern as on 8th December, 2023 in IBREALESTATE.
Support stands at Rs. 85, with initial target of Rs. 90 and than Rs. 100.
The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
The above analysis is purely for educational purpose. Traders must do their...
