IBULHSGFIN--Consolidation??Observations::
--------->> The stock is trending upwards in daily time frame.
--------->> Previous resistance is broken strongly @112 level, after broken this level price trading in range.
-------->> If price breaks upwards we have a next resistance @120-122 and @ 128.
--------->> If price breaks downside we have a Support @105 and 98 zones.@105 zone previously observed consolidation + up move is identified,
if price comes back to this place we will go for buy @pori0105. Keep track this levels.
IBULHSGFIN-TRADE
Positional up side view IBULHSGFINMy positional up side view on NSE:IBULHSGFIN
130.50 is the major resistance, if it breaks and sustain above 130.50, it will be a good entry level.
Stop loss will 117 and target would be 142 & 169.
Note: This is my personal analysis, only for learning.
Thanks.
IBULHSG FINMany investors and traders are worried about the IBHF , few technicalities at this point from me:
1. Rounding Botton - only bullish pattern observed at this time.
2. Consolidation - stock is consolidating in a range of 130 - 140 from past few days.
3. Resistance @ 140.5 - 142 - few months back their was a big bearish candle formed at those levels, at 140 levels bulls were seen exhausted/trapped they gave up and the big selling was seen.
4. Important levels 142 - when it'll cross 142 -145 and sustain above it on daily as well as weekly charts we can take position for 160, 180 targets.
Bearishness
5. bearish candle: 2 days back from 141 faced resistance came down with heavy volumes forming signs of bearishness in the stock.
6. Dark Cloud cover: and then, yesterday it formed a big red candle all the gains of a week or so were taken off.
7. RSI (bearish divergence): these facts were not enough now big divergence on charts can also be seen, we may see stock tested downwards, and
the chance
IF ibul will be tested downwards we may see a good buying opportunity as the stock on long term basis has got oversold. So their will be an opportunity for short term to buy the stock, only worry if 110 is broken take that as a stop loss.
and my recommendation is wait for 145 to be crossed and sustained it will definitely outperform.
Disclaimer : views are personal i may have positio in it, please take advise from your adviser before placing order.
Symmetrical TriangleIBULHOUSING has formed symmentrical triangle pattern it is good buy around marked demand areas with below level as stop loss for long term target given on the chart.
Let's see
Happy Investing!
IBULHSGFIN bullish breakout aheadThe Stock has been in a falling channel pattern and has also made a symmetrical triangle which is a continuation pattern but a triangle also means that the sellers are ready to sell low and buyers are ready to buy high and this results to consolidation and then a point of breakout.
Ibulhsgfin looks bullish to me, if it breaks both the triangle and the channel then we will see a good upmove for the targets marked above.
Buy Above - 254/Blue Line
MACD is BULLISH
RSI has room for BULLS
EMA are supportive
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