This analysis is for learning purpose, IBUL HSG FIN BUY CMP- 287, target1- 340, target2- 400, SL- 230.
Reason behind this stock is:- 1. Breakout at 250 which was tested more than 5 times as resistance.
2. Fib. retracement of 1 month candle 38% at 397 this should be our target.
3. Company has given a attractive dividend of rs.9/share.
4. stock may come and test the support at 260-265.
5. Please make strict stop loss at 230.
Reason behind this stock is:- 1. Breakout at 250 which was tested more than 5 times as resistance.
2. Fib. retracement of 1 month candle 38% at 397 this should be our target.
3. Company has given a attractive dividend of rs.9/share.
4. stock may come and test the support at 260-265.
5. Please make strict stop loss at 230.
Comment:
retracement is 0.23% not 38%