Indiabulls Housing Breakout?

Indiabulls Housing is on the verge of breaking out above it's previous high of Rs.880. If it successfully breaks out then it can move up to Rs.1080-1090 in a few days. One can buy this stock around Rs.885 with a stop at Rs.830. Nifty is jittery around it's old highs and is at a PE of more than 29 so trade cautiously. Happy Trading :)