Indiabulls Housing Finance Limited
Performance :
26 May 2021 - Day 7
Indiabulls Housing Finance Limited
NSE Symbol : IBULHSGFIN
This stock recommended on 177/05/2021 at Rs.187.7 with targets of Rs.192 / 198 / 206 / 212 hit a high of Rs.227 and closed at Rs.224.6 on 27/05/2021. This stock is a star performer.
Stock Tip :
18 May 2021 - Day 1
Indiabulls Housing Finance Limited (Rs.187.7)
NSE Symbol : IBULHSGFIN
Current Trend : Down to Flat with positive bias
Brief background : Current upmove originated at Rs.151 on 19th April 2021. From here it moved up and caught in resistance zone between 180-187 for nearly 10 trading days during the last week of April and first week of May 2021. During last three days, this stock successfully moved beyond this resistance zone.
Outlook : The stock appears to be moving towards the first Target located at Rs.192-198. If the stock manages to clear this level, the stock may move towards the second Target situated between Rs.206 and Rs.212. While moving from one target to another, stock may see some negative sessions too. Hence, a strict stop loss at reasonable level is a must.
Supports : Supports exist at 187, 185 and 180. Exit point is at the third support i.e., at Rs.180. Below this point, bears may tighten their grip over the stock.
Targets : Rs.192 / 198 / 206 / 212 in the next 7 days i.e, on or before 26th May 2021.
Exit Point : Rs.180
Note : Exit point is the place where the stock is going to reverse the current upmove. Hence, holding of long positions based on the above stock tip below this point may result in considerable losses.