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* On an hourly scale, a sudden spurt in the volume has been witnessed during trading session which indicates an accentuate buying in the counter.
* On a daily scale, the stock has given a breakout of its upper band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.
* Additionally, the stock is sustaining above its 50 Days Exponential Moving Average which shows a positive move in the counter.
* A daily momentum indicator RSI reading is at 51.57 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy Indiabulls Real Estate Limited @117-116 Stoploss 112.00 Target Price 127.00
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