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Published on 4/03/2021 3:06:02 PM | Source: LKP Securities Ltd

LKP Spade, Weekly Pick - Buy Indiabulls Housing Finance Ltd For Target Rs. 300 - LKP Securities

Posted in Broking Firm Views - Short Term Report| #NBFC #LKP Securities Ltd #Indiabulls Housing Finance Ltd #Trading Report

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* Stock has given breakout from double Cup and Handle pattern which is bullish continuation pattern by nature

* Strong volume activity is witnessed at the time of breakout which shows strength of breakout

* Prices are well trading above ichimoku clouds which suggest

* Also both momentum indicator RSI and MACD supporting the breakout as ranging in positive territory

Buy Indiabulls Housing Finance Ltd @ 248-251 CMP 248 TGT 300 SL Below Rs 230 CB Duration 3 Months

 

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