Huge short built up today. There had been divergences earlier also but today's move looks like a near term top is formed and price may head to 180 levels. Sell around 200-202 will SL 207 (SL policy to be maintained in price action is for over 30-60mins).
Stock in strong upmove.
Recently it has seen narrowing bollinger bands followed by another spike in price.
Today a block deal caused sharp retracement and it closed on 61.8% Fib Level at 191.50
If it managed to stay above the level one should go long at CMP with stop loss of today's low 174 with open targets.
stock is in up trend
underwent side ways correction
getting ready to resume the trend
BB is in squeeze mode can expect expansion
one can look into the stock above yesterday's close
for targets towards 187/197/207
with sl placed at 166
first question comes in mind RERA; what is this which is in headlines these days? lets understand this first
Real Estate Regulatory Act (RERA),
implemented from 1st may this act will help bringing in the much needed transparency and setting accountability in the unorganized real estate sector. Under this act, construction companies or builders will have to...
So here is good triangle formation and there is potential breakout on the cards. IndiaBull has risen up in a jiffy and thats alright, but we aren't aiming for investing purpose. Just a Good Trade for the day with this breakout.
Very good momo and this time it will hopefully break the channel..
Very ling consolidation of 5 years.
The blast upside will give large targets.
buy at 82 with Sl 65
Targets 150, 200( why not 100?) Plz comments why not or why should ?