BUY IBULHSGFIN
ABOVE 1295 TGT 1325/1340 SL 1265
FOR MORE
CALLS FILL UP THE FORM GIVEN HERE>>>>>
Indices closed higher
for a second straight session on Tuesday helped by gains in banking and power
stocks despite losses in global equities amid trade war tensions between US and
China. Banking shares rose after allowed banks to spread its bond trading
losses. Traders will also focus on the RBI’s policy decision Thursday. Sixteen out of 19
sectoral indices on ended higher with power, banks and utilities leading the
gains. MidCap rose 0.92% and SmallCap gained 1.35%. ICICI Bank, M&M, Yes
Bank and Power Grid were top gainers, whereas Wipro, ONGC, Adani Ports and HDFC
Bank were among the major losers. PSU bank stocks trade higher, Andhra Bank rose 4%,
Oriental Bank of Commerce 2.5%, Syndicate Bank 2.1%
Indiabulls
Housing Finance Limited is a housing finance company. After showing
correction from
the higher level, now the stock is trading in the recovery phase for
the Short term , it is likely to continue the upside move in
near term with the crossing of the resistance level of 1310 as the stock is
managing to sustain above the level of 1300. 22 &55 and 200 days moving
averages seen as support level with the RSI of 60, One may get
the medium-term targets of 1325,1340,1360 in with the stop loss
of 1265. Thus the trend of the IBULHSGFIN in the short term, medium
term timeframe continues to remain upwards.
DAILY CHART FOR IBULHSGFIN:
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