Long
Indiabulls Housing Finance - Is all the bad news is priced in
After a bag correction IndiaBulls Hosing Finance is trying to move back, long positions can be considered on dips.
Probably all the bad news is priced in already, there is a huge buildup on short side. Show of little strength may result in a cascading effect and push the prices higher in no time.
Trade on the long side, utilising dips for a target of 340 or so.
Stop-loss of 189-191 should be followed for trading positions, medium and long investors can study the fundamentals further and take a call based on them.
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Probably all the bad news is priced in already, there is a huge buildup on short side. Show of little strength may result in a cascading effect and push the prices higher in no time.
Trade on the long side, utilising dips for a target of 340 or so.
Stop-loss of 189-191 should be followed for trading positions, medium and long investors can study the fundamentals further and take a call based on them.
Please hit LIKE for this post if you find it worthy, do consider FOLLOWING me on this forum for periodic updates.
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