Long
My idea on indiabull housing finance
Crossed resistance of 230 level ,gone up to 264 , presently retracing and if it get support from 230 level again ,may be considered for long, a good triangular pattern could also be seen from the chart , other safe option for entry could also be sought after breakout and retesting from triangular pattern ,in that position following are recommended entry,exit and stoploss points
Entry (for now) - 230
Stoploss - 227
Short term target - 264
If considering after triangular pattern breakout
Entry -260
Stoploss - 257
Target for long term -600
Points to note -
Earning release on 26 oct 21
Rakesh Jhunjhunwala has invested in this stock
Trading in securities subject to market risk , above idea is just a assumption of probable move seeing chart pattern and price action , Market can move in either directions , ultimately Market is the BIGG BOSS, hence use your check points and indicator before taking trade , always limit your losses by putting stoploss triggers.
Happy trading
Entry (for now) - 230
Stoploss - 227
Short term target - 264
If considering after triangular pattern breakout
Entry -260
Stoploss - 257
Target for long term -600
Points to note -
Earning release on 26 oct 21
Rakesh Jhunjhunwala has invested in this stock
Trading in securities subject to market risk , above idea is just a assumption of probable move seeing chart pattern and price action , Market can move in either directions , ultimately Market is the BIGG BOSS, hence use your check points and indicator before taking trade , always limit your losses by putting stoploss triggers.
Happy trading
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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.