Sell Indiabulls 240PE at 5.7
Shorting Puts is buy view.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at...
Indiabull Housing Finance treading above weekly breakout of 240 and its less likely that this will come to this or below this level now.
It has already break supports of 272 and 263.
The next and final support is 252, we may see this level in the coming days and stock will rebound from here.
If all goes well in view of the overall market, the Immediate...
IBULHSGFIN is ready to go long and it is taking support 263 and made high of 277 and on monday, if it breaks 277 with good volume then one can go long with 260 as stoploss and it can 300/310/320
Swing trade Idea.
IBULHSGFIN at an important support area around 246-253. Will it hold.
IBULHSGFIN has been ranging in a Channel Pattern exactly for a year making a 52 week High at 313.70. Now it is in a downward direction and very near the support. The RSI is also moving towards the oversold area. So we can expect a reversal in the near term for a short term target of...
262 is a very important level from which we can expect a move to upside.....if broker below that structure we can look for shorts then....see my previous analysis for more information..
IBULHSGFIN : cmp : 278.9
Making lower lows for 3 days.Closed below previous low.
RSI bearish.
Sell on rise. If opens gap down dont chase.
TGT 267/252
Sl 289
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
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> hit new 1 Year High today
> daily last 3 candles with HH-HL
> daily last 3 volumes seeing decending candles
> daily closing RSI above 80,
though lower subsequent time frames
shows descending RSI values
all above tells me
that there can be profit booking possibility
lets see where it goes tomorrow
disclaimer - just an observation
There is an Ascending Triangle Pattern Breakout given by IBULHSGFIN on this Friday on weekly chart. So, I think we can see more upside levels on this counter.
First Targets :- 310
Second Target :- 360
Third Target :- 425
Stop loss as per risk appetite. Support is around 220.00
![IBULHSGFIN: [Turtle] Indiabulls 240PE Short Idea](https://s3.tradingview.com/x/xvXMyGeb_mid.png "[Turtle] Indiabulls 240PE Short Idea")
![IBULHSGFIN: [SHORT TERM] INDIABULLS HOUSING FINANCE 12%, 22%, 38% PROFIT](https://s3.tradingview.com/m/mHkCaAv3_mid.png "[SHORT TERM] INDIABULLS HOUSING FINANCE 12%, 22%, 38% PROFIT")
