IBULHSGFIN had a major breakdown at 180 level hit 2 lower circuits in 3 days, now on daily formed hammer at important level
can test 166/180 on upside and can resume downward journey back towards 90/75 levels
plan trade accordingly.
THIS ONE IS AGAIN APPROACHING THE ZONE WHICH WAS PREVIOUSLY GIVEN AS A BREAKOUT IN JULY AND FROM THERE IT GAVE MORE THAN 20% MOVE.
NOW IT ONCE AGAIN REACHES THERE AND MIGHT REVERSE TO TRAVEL BACK TO 200.
KEEP THIS ON RADAR AND STOP LOSS AS 175-176 ZONE
hello everyone as you can see ibull forming pennet formation and the oods are it goes up again to the direction of pole.
and at a stoploss area also having a support of moving average 200.
stoploss should be below 175 and target is 220 min or 250
in long ibull may come back to retest the breakout
Indiabulls Housing Finance Ltd. The stock price trading with positive bias ahead of pennant formation breakout. As of now 224 (50Ma) -230 zone should act as resistant, breakout above expected to increase underlying bullish sense further. On the down side 5Ma: 203 - 175 are short term important support levels.
There were 2 failed attempts at the breakout around 250.
A tilted inverse Head and Shoulder pattern is formed.
With today's candle , the top points are also in sync forming a trend line and the price seems to be breaking out tomorrow (28/08/2020). Watch out!
MACD also looks supportive of the move.
Help Me to Help Us.
I believe in keeping the...
This bounced from its Demand zone and i feel it should continue up short term .. quite close to point of invalidation 186 below so worth a punt.
260 attempt again possible lets see how this opens at present sitting just under the 99 day .