IBULHSGFIN--Consolidation??Observations::
--------->> The stock is trending upwards in daily time frame.
--------->> Previous resistance is broken strongly @112 level, after broken this level price trading in range.
-------->> If price breaks upwards we have a next resistance @120-122 and @ 128.
--------->> If price breaks downside we have a Support @105 and 98 zones.@105 zone previously observed consolidation + up move is identified,
if price comes back to this place we will go for buy @pori0105. Keep track this levels.
Ibulhsgfin-chart
IBULHSGFIN bullish breakout aheadThe Stock has been in a falling channel pattern and has also made a symmetrical triangle which is a continuation pattern but a triangle also means that the sellers are ready to sell low and buyers are ready to buy high and this results to consolidation and then a point of breakout.
Ibulhsgfin looks bullish to me, if it breaks both the triangle and the channel then we will see a good upmove for the targets marked above.
Buy Above - 254/Blue Line
MACD is BULLISH
RSI has room for BULLS
EMA are supportive
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HOW TO TAKE SWING TRADE IN IBULHSGFIN?HERE IS WE PROVIDE IBULHSGFIN CHART 1 HOUR CHART (DATE:- 24/06/2021)
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"IBULHSGFIN" Enter after the breakout or buy now"IBULHSGFIN" Enter after the breakout or buy now. Best for swing traders and long-term investors.
