ParimalDevnath

IbulHousingFin, 200 DMA

Long
NSE:IBULHSGFIN   INDIABULLS HOUSING
Since the introduction of RERA, price of housing finance companies stocks have plummeted except that of HDFC and IbulHousingFin. In the case of this stock, price has been taking support at 200 DMA for seevral times in recent past and heading northward. So for investment, it may be a good bet. For trading one can buy above 200 DMA on closing basis with a very small SL and take the profit near 1295. 1240 is the 200 DMA. Logic: 200 DMA sets the tone of stocks. The stock is in strong bull market as the chart structure shows clearily.
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