The only two resistance between 190 and CMP… the immediate zone is a tougher resistance while the above one may get crossed… with minor struggle if the immediate one is taken out… also 130 is an important level… once crossed will open the gates… for all further targets….
The stock is strongon charts if w ignore noise regarding the merger stuff
if we just look charts, the stock is good as long as its above 114-110 areas and till it holds it is likely to show 152 & 177 on the upside.
NSE:IBREALEST
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This stock is showing strength in weekly time frame confirming double bottom pattern.
Also making higher high & crossed imp resistance level of 94. i m waiting for weekly candle to close because daily candle not convincing for clear break out.
start buying initial qty just to test the water if confirmed on weekly time frame above 94.
SL - 84
TARGET - 113,134
it...
India Bulls Real Estate has recently made a channel with Higher Highs and Lower Lows . I has recently broken its channel and nearest resistance. Both are good signs which indicates that it has potential to further move up.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Indiabulls looks very interesting and seems to be on the breakout as early as tomorrow. this could explode, monthly chart is also providing a greater upside.
Buy Entry @ 105
Target @ 212
Stop Loss @ 75
Risk Reward 1:4
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Buy Entry @ 77
Target @ 105
Stop Loss @ 65
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Simple Weekly trendline breakout and Self explanatory chart.
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Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your...
IB REAL WEEKLY -Consolidating before meaningful up move once crosses 68 you will feel power coming back .making higher low and completed small a,b and c . 1st strong upmove to begin soon. can be bought with a small stoploss of rs 61
