Short
India Bulls Housing Finance - Short sell opportunity
Hi Traders,
As you can see from the above chart, India Bulls Housing Finance (IBULHSGFIN) is in downtrend from last two years and in side ways in recent times. Current market price is at Rs.271.10/-, which is near a strong support zone. Strong support zone is between at Rs.259 to 250.
If the price breaks the support zone in the downward direction then you can take the trade after confirmation candle formation. You can take the trade around Rs.249/ to Rs.245/- and target is Rs.190/- to 185/- and stop loss can be based on your risk appetite.
If the price again take the support from the support zone then don't take the short selling position instead you can take the buy trade after confirmation candle formation in the upward direction (i.e. if the price enters the support zone between Rs.250 to 259 and then take support from support zone and closes above the Rs.259) you can take the buy trade and Target is Rs.310 and stop loss is based on your risk appetite.
This trade is for positional trading and not for Intraday trade.
Note:
This is not financial advice , trade at your own risk. Enjoy your trading.
As you can see from the above chart, India Bulls Housing Finance (IBULHSGFIN) is in downtrend from last two years and in side ways in recent times. Current market price is at Rs.271.10/-, which is near a strong support zone. Strong support zone is between at Rs.259 to 250.
If the price breaks the support zone in the downward direction then you can take the trade after confirmation candle formation. You can take the trade around Rs.249/ to Rs.245/- and target is Rs.190/- to 185/- and stop loss can be based on your risk appetite.
If the price again take the support from the support zone then don't take the short selling position instead you can take the buy trade after confirmation candle formation in the upward direction (i.e. if the price enters the support zone between Rs.250 to 259 and then take support from support zone and closes above the Rs.259) you can take the buy trade and Target is Rs.310 and stop loss is based on your risk appetite.
This trade is for positional trading and not for Intraday trade.
Note:
This is not financial advice , trade at your own risk. Enjoy your trading.
Note
Hi Traders,The price entered the strong support zone and showing some support. If the price (i Hour candle) closes above the Rs.259 as explained above you can take buy trade.
But, if price closes below Rs.249 (I hour Candle) you can take the short trade as explained above.
Thank you. Enjoy the trading.
Note
Hi Traders,1 Hour candle breaks the strong support zone and closed at Rs.243.50/-, so you can take the short trade.
Thank you. Enjoy your trading.
Note
HI Traders,SIdeways movement in Indiabulls is over yesterday, since yesterday market is moving in the downward direction as we predicted above.
Wait for the profit booking alert , i will give update about it.
Thank you. Enjoy your trading.
Note
Hi Traders,The current price is between Rs.219 to Rs.220/- i would recommend to book 50% profits here, (which means you are earning 20 to 30 Rs per share if you taken the position as i said above).
You can exit remaining position at Rs.205 to 210.
Thank you. Enjoy trading and Enjoy profits.
Note
Hi Traders,The current market price is around Rs.231.5/-, i would recommend to book remaining 50% profit here and exit the trade ( which means you are earning 10 to 20 Rs per share) if you exit now.
With this update we exited the complete 100% position and book profits, so trade is closed.
Thank you. Enjoy the trading and Enjoy profits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.