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this_is_shoaib
Nov 28, 2021 5:12 PM

IBULHSGFIN bullish breakout aheadΒ Long

INDIABULLS HOUSINGNSE

Description

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The Stock has been in a falling channel pattern and has also made a symmetrical triangle which is a continuation pattern but a triangle also means that the sellers are ready to sell low and buyers are ready to buy high and this results to consolidation and then a point of breakout.

Ibulhsgfin looks bullish to me, if it breaks both the triangle and the channel then we will see a good upmove for the targets marked above.

Buy Above - 254/Blue Line

MACD is BULLISH
RSI has room for BULLS
EMA are supportive

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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Comments
akhilvmathew
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great work😍
khanraees35
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Nice analysis
akhilvmathew
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target?
this_is_shoaib
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@akhilvmathew The targets are mentioned in the chart above as white horizontal line.
Targets -272,288,309
traderanamta
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This is trade I'll be definitely talking.
Thankyou
this_is_shoaib
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@traderanamta Thankyou for believing in the analysis. Kindly like and share the idea to support me β™₯️
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