Long
IBULL HSG FIN FOR LONG POSITION
This analysis is for learning purpose, IBUL HSG FIN BUY CMP- 287, target1- 340, target2- 400, SL- 230.
Reason behind this stock is:- 1. Breakout at 250 which was tested more than 5 times as resistance.
2. Fib. retracement of 1 month candle 38% at 397 this should be our target.
3. Company has given a attractive dividend of rs.9/share.
4. stock may come and test the support at 260-265.
5. Please make strict stop loss at 230.
Reason behind this stock is:- 1. Breakout at 250 which was tested more than 5 times as resistance.
2. Fib. retracement of 1 month candle 38% at 397 this should be our target.
3. Company has given a attractive dividend of rs.9/share.
4. stock may come and test the support at 260-265.
5. Please make strict stop loss at 230.
Note
retracement is 0.23% not 38%
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.