Ibulhsgfin gave big move in upward direction as expected with proper sl. It was simple just trend and level analysis. Not making complicated things on chart, keep it simple.
Thanks
Expected to touch 643 levels, then a bounce back to 750 levels. Targets updated on charts.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Indiabull housing finance is still weak in NBFC space like bajaj finance whose chart I have already discussed . IBULHSGFIN showed some strength yesterday but it is still not out of the woods and it is good short on very rise with tight stoploss of 1040 for target of atleast 800 in coming days.
Disclaimer : Views are just for educational purpose. It is no...
Price is at the doorstep of 200 DMA and it is a decisive MA. Now 200 DMA will decide the future direction or trend of this stock for long term and also medium term.
Since the introduction of RERA, price of housing finance companies stocks have plummeted except that of HDFC and IbulHousingFin. In the case of this stock, price has been taking support at 200 DMA for seevral times in recent past and heading northward. So for investment, it may be a good bet. For trading one can buy above 200 DMA on closing basis with a very small...
EDUCATIONAL PURPOSES .
Based on Supply Demand and the counter has cleared all the orders in the zone to go up with high probability looking at the compression formed.
