Positional call – buy INDIABULL REAL ESTATE above 73 close sl 60 target 85-95
holding period 3 months
Technical study –
over movement in stock on 11 th july can clearly indicate that there is lot move buying interest in stock with the short term view.
with the unclear direction of market stock able to hit the one month high level today, so overall movement can indicate that there is strong buying interest in this stock at present.
if we look at the chart we can observe that it has created bullish negative convergence on chart but we can get confirmation only when stock able to close above desire levels.
recently we can see that its has taken a long term support on chart and given bounce but not able to confirm the uptrend or reversal that time.
overall chart developments shows that if stock able to move and close above desire level then we can see some clear up moves in coming days, but till its not confirming the trend we should keep our expectations in waiting.