Breaking the trend line of falling wedge pattern.. I am highly bullish on IBULHSGFIN if market continue this uptrend and sustain.... expecting 270 levels in short term
Seems like IBulHsgFin is busy forming inverted HnS pattern. Breakout above neckline of 249.1 can offer a medium to long term positional trade. Copy book target for the pattern is placed at around 368. Stock is high beta, hence enough protection required while playing any direction.
SL is small. So taking a calculated gamble (gamble as winning chance will be low).
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...
Although breakout has occurred recently it seems like taking support of 200 MA with the ascending triangle, if it is the case it might retest the Day Resistance area or if again breakout occurs below 200 MA ready to go short.
It is short unless the buy "triggers" by breaking that point.
Refer the chart.
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...
Hey Traders,
Here's an analyisis of IBULHSGFIN which I'm expecting a breakout maybe in next trading day or in coming days.
Expected targets are mentioned om charts.
If it gives breakout then long above 255, I'd say.
Guys, Do guide me if there's anything that could be improved, and Keep Supporting.
Do your own analysis before trading as well.
![IBULHSGFIN: [Positonal] Indiabulls Aggressive Swing Buy Bet](https://s3.tradingview.com/k/Kt8tELHU_mid.png "[Positonal] Indiabulls Aggressive Swing Buy Bet")
![IBULHSGFIN: [Intraday] India Bulls Buy Idea](https://s3.tradingview.com/k/KElqBWvg_mid.png "[Intraday] India Bulls Buy Idea")
