Long
INDIABULL HOUSING BUY OPPORTUNITY (TRADE OF THE WEEK)
INDIABULL HOUSING IS IN BULLISH TREND ON SHORTER TIME FRAME. STOCK HAS BEEN ON AGGRESSIVE RALLIES AFTER BREAKING ABOVE INR 100 LEVEL. CURRENTLY IT IS FORMING COMPLEX PULLBACK ON H-1. WHICH HAS FORMED BULLISH BAT PATTERN ON THE CHART (H-1). BUYERS CAN LOOK FOR LONG OPPORTUNITIES FOLLOWING SHORT TERM BULLISH TREND CONFIRMED WITH BULLISH CHART PATTERN.
BUY ENTRY: INR 116 TO INR 113
STOP LOSS: INR 108.50
TARGET-1: INR 126
TARGET-2: INR 133
TRADERS LOOKING FOR LONG TERM TARGETS CAN HOLD THEIR POSITIONS TILL INR 143 (RE-TEST OF MAY 14TH HIGH). ALSO INVESTORS/TRADERS LOOKING FOR EXTENDED TARGETS CAN SHOOT FOR INR 170 (DAILY RESISTANCE ZONE) AS PER IDEA PUBLISHED ON 10TH APRIL 2020 IN THIS CHANNEL.
BUY ENTRY: INR 116 TO INR 113
STOP LOSS: INR 108.50
TARGET-1: INR 126
TARGET-2: INR 133
TRADERS LOOKING FOR LONG TERM TARGETS CAN HOLD THEIR POSITIONS TILL INR 143 (RE-TEST OF MAY 14TH HIGH). ALSO INVESTORS/TRADERS LOOKING FOR EXTENDED TARGETS CAN SHOOT FOR INR 170 (DAILY RESISTANCE ZONE) AS PER IDEA PUBLISHED ON 10TH APRIL 2020 IN THIS CHANNEL.
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