Published on 11/07/2019 4:49:16 PM | Source: Choice Broking Pvt Ltd

Indiabulls Real Estate Ltd For Target Rs. 127 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #NBFC #Indiabulls Real Estate Ltd #Trading Report #Choice Broking

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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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