India Bulls Housing – CMP - ₹201.30 Dt. – 09-09-2020
On a daily chart, the stock is stuck between a triangle and on 28th Aug. 2020, the price tried to break the trend line and somehow managed to close above the trend with low volume but failed to hold the very next day and stock fall with higher volume. From last 3 trading session, the stock had given close above the support level of ₹193.25. Price is near to the apex of the triangle and we are expecting the breakout in 2-3 trading sessions with higher than average volume.
Resistance and Support level is placed at ₹236 and ₹193.25 respectively.
MACD has given sell signal whereas RSI and CCI are neutral.
On a daily chart, the stock is stuck between a triangle and on 28th Aug. 2020, the price tried to break the trend line and somehow managed to close above the trend with low volume but failed to hold the very next day and stock fall with higher volume. From last 3 trading session, the stock had given close above the support level of ₹193.25. Price is near to the apex of the triangle and we are expecting the breakout in 2-3 trading sessions with higher than average volume.
Resistance and Support level is placed at ₹236 and ₹193.25 respectively.
MACD has given sell signal whereas RSI and CCI are neutral.