Observations::
--------->> The stock is trending upwards in daily time frame.
--------->> Previous resistance is broken strongly @112 level, after broken this level price trading in range.
-------->> If price breaks upwards we have a next resistance @120-122 and @ 128.
--------->> If price breaks downside we have a Support @105 and 98 zones.@105 zone previously...
My positional up side view on NSE:IBULHSGFIN
130.50 is the major resistance, if it breaks and sustain above 130.50, it will be a good entry level.
Stop loss will 117 and target would be 142 & 169.
Note: This is my personal analysis, only for learning.
Thanks.
Many investors and traders are worried about the IBHF , few technicalities at this point from me:
1. Rounding Botton - only bullish pattern observed at this time.
2. Consolidation - stock is consolidating in a range of 130 - 140 from past few days.
3. Resistance @ 140.5 - 142 - few months back their was a big bearish candle formed at those levels, at 140 levels...
IBULHOUSING has formed symmentrical triangle pattern it is good buy around marked demand areas with below level as stop loss for long term target given on the chart.
Let's see
Happy Investing!
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...
HERE IS WE PROVIDE IBULHSGFIN CHART 1 HOUR CHART (DATE:- 24/06/2021)
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