India bulls stock at pull back stage . expected to move upward from the current levels. Buy above 234 after the closing of the candle for the target price of 248 with the SL 224. This is for pure educational ideas.
Stock has a 3 point set up:
1. Resistance zone respected since July 2020
2. Trendline respected since June 2020 (which it is trying to break from last 2 days)
3. Cup and handle formation
P.S. For swing buy, safe entry is above 251
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
After alot of accumulation from june month in this stock finally it's ready for a breakout
if it's sustain the level of 247
then the above targets mention on chart will be achieved in 2-3 months
just hold it 🔥🔥
for tomorrow intraday position in IBULHSGFIN
stop loss 247
On the verge of a breakout. the share price is on its important resistance level making higher lows that are kind of ascending triangle pattern. Another thing is the inverse head and shoulder pattern. It would be interesting to watch the price after the breakout in 1 day and 1-week time frame. Comment your thoughts regarding the analysis. This is just a mare price...
Stock has been Moving in the Parallel Channel in the last 8 Months. 4 attempts to break above but failed. Currently CMP @ previous resistance. If price closes above 251, then there are fair chances of Breakout with a target of 350 in next 3 - 4 months (50% of parallel channel duration)
After a long downtrend and sideway stock h shown the bullish breakout from the resistance level. NOW its will easily give Targets.
BUY around the present level with targets. Hold the stock.
Must check my other IDEAS and LIKE & FOLLOW for regular updstes..
Trendlines and arrows are marked. This scrip is already making higher lows in weekly TF so stating its obvious bullish nature and previous candle being bullish engulfing and current full body length candle very close to resistance. Also, with finance scrips already booming high. We can expect a heavy volume breakout so be ready to pounce on it when time arrives.
It's a weekly tf view last time price tried to break 250 but closed 241
this time it broke and seems sustaining if price breaks 250-252 range and goes above price has very much upside potential.
Traget and Sl has provided in the chart based on the Dow and Price Action
You can modify according to your own
A good entry level will be above 250
Thank You
-Rv The Trader
