BUY IBULHSGFIN ABOVE 1095 tgt 1120/1135 sl 1070
The Primary
trend of IBULHSGFIN is bullish and after giving breakout
of its MONTHLY resistance POINT range bound movement, it is forming
continuation pattern in short term charts, it is likely to continue the
positive movement with the breakout of the pattern at the levels of 1100 ; as
the stock is managing to trade above its 22 and 55& 200 days moving
averages with the RSI of 78, one may expect the targets of 1130/1150 in
the stock if it manages to sustain above the immediate support level of 1070.first
resistance level seen on charts at 1115.
DAILY CHART FOR IBULHSGFIN:
Nifty Breaks The Range Of 9370
Technically, analysis would still remain same and
Indian Stock Market is still in positive
trend. Today, Market was seen sideways
movement and a sharp breakout from this range of 9370. Traders can enter as
soon as now. today, the range breakout is seen on closing basis. or traders can
continue to buy at support and sell at resistance levels. The support
for the Nifty is 9350-9330-9300-9250 and the resistance to the up move is at 9370-9400-9415-9435
levels.
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