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Indiabullshousingfinance

SWING IDEA - INDIABULLS HOUSINGRenowned as a premier housing finance company in India, India Bulls Housing is esteemed for its innovative financial solutions tailored to the housing sector. Delving into technical indicators and price action, we uncover compelling factors signaling a potential buying opportunity within India Bulls Housing's stock. Reasons are listed below : Multiple tests on the 170-180 zone, followed by a successful breakout and subsequent retest, indicating a strong foundation for upward momentum. The presence of a robust bullish candle on the weekly timeframe signifies sustained buying pressure and a potential continuation of the uptrend. Additionally, a bullish Marubozu candle on the daily timeframe further bolsters the bullish sentiment, emphasizing strong buying interest. The formation of a cup and handle pattern breakout pattern adds another layer of confirmation to the bullish bias, suggesting a potential uptrend continuation. Notably, the stock is currently trading above its 50-day exponential moving average (EMA) and is poised to break the 200-day EMA, indicating strengthening bullish momentum. The price's bounce from the 0.618 Fibonacci level reinforces the significance of this level as a key support area, potentially attracting more buyers. Furthermore, increased volume activity accompanies the price movements, indicating heightened investor interest and participation in the stock. Target - 248 // 280 StopLoss - weekly close below 182 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
ILong
by Visionary_Growth_Insights
Indiabulls Housing Finance is Ready For The Next Leg Of Up MoveIndiabulls Housing Finance is planning for almost 7000cr Fundraise and is highly undervalued. Reasons: 1. The Company is shifting its Lending mix of retail and wholesale to a complete retail model. 2. The Company has degrown its book since last 2 years and the process is now reaching its final stage. 3. The Company is now ready for a big growth cycle. 4. The Company is partnering with companies like HDFC, RBL, Central Bank Of India, and many more to make a co-lending asset lite model. 5. Housing Finance in general is a less risky business because the asset worth most of the time is more than the loan provided because of which less NPA and Gross NPA. 6. And the most Important Point the real estate cycle has turned and in general, there is a big demand for housing in India.
ILong
by iitkabaap
Indiabulls Housing Finance Is Soon Gonna Cross Its All Time HighIndiabulls Housing Finance is ready for a big reversal soon gonna cross all-time high of 1440. Reasons: 1. The Company is shifting its Lending mix of retail and wholesale to a complete retail model. 2. The Company has degrown its book since last 2 years and the process is now reaching its final stage. 3. The Company is now ready for a big growth cycle. 4. The Company is partnering with companies like HDFC, RBL, Central Bank Of India, and many more to make a co-lending asset lite model. 5. Housing Finance in general is a less risky business because the asset worth most of the time is more than the loan provided because of which less NPA and Gross NPA. 6 And the most Important Point the real estate cycle has turned and in general, there is a big demand for housing in India. UNLESS Indiabulls Housing Finance DOES SOME FRAUD IT IS GOING TO GO BIG. DON'T MISS IT 🤫!!
ILong
by iitkabaap
IndiaBulls Housing Finance can explode on Daily - 75-100% upsideIndiaBulls Housing Finance looks bullish on daily with huge potential upside both from Technical point of view and also based on fundamentals. Fundamentals: ============ The company said in a statement that it will gradually reduce its wholesale book by 33% by March 2022. According to the company, it is also planning to double the retail customer base by March 2025 and said that retail loan disbursals have picked up on the back of rising sale house sales. The lender reported a consolidated net profit of ₹329 crore in the three months to December, down 39.7% on the back of lower income. Its gross non-performing assets (NPAs) stood at 1.75% of gross advances. Had it not been for the Indian Supreme Court’s dispensation on asset classification, gross bad loan ratio would have reached 2.44% as on 31 December. Also, it has restructured 0.95% of its loan assets and its collection efficiency has now reached around 98%. Technicals: ========= The price has tested 0.117 Fib resistance a few times and is showing strong bull power on lower time frames to breach this resistance which will propel the price to 0.236 Fib resistance at around ₹ 400. Also, the Support/Resistance bands are squeezing and turning around showing some strong potential price move to the upside with the extreme top bands coinciding with the 0.236 Fib resistance where the Daily price will have its first test. Breaching this 0.236 resistance level, a big move can be expected to 0.382-0.618 (₹ 600 - 900 range) levels test, given the company hits its fundamental stakeholder expectations and its commitments. The following 4hr chart shows price testing the top resistance bands and a big move is likely upon breach =================================================================================================================== Do Your Own Research on Company fundamentals to get a good idea and its future potential.
ILong
by TradeChartist
7
Indiabulls Housing FinanceIndiabulls Housing Finance has seen a correction up to levels of ~80 from the level of 300 in March 2020 i.e before the lockdown was imposed. The stock has shown a significant recovery thereafter and has shown an upside of more than ~200% from the lower levels of ~80 within a year. Looking at the current status of the stock, the levels of 250 is looks achievable. The same anticipation gets a bullish confirmation if we look at the derivatives statistics of the stock. As of Feb 18, 2021, a significant OI addition is seen in the CALL Option of 240 and 250. In simple terms, the market is also bullish on the stock for the levels of 250. Thereafter the levels of 300 can be sighted as a next target which is expected to be acheived by September or earlier given the bullish trend continues in the sector and no negative news about the company arrives in the market. The stock tried to break the levels of 221-235 in July 2020 as well, however couldn't do so and thereafter seen a correction upto the levels of ~150. The same situation is persisting currently but this time it has a positive outlook as there has been nothing negative in the Union Budget 2021 and the demand is slowly picking up post the pandemic. Crucial support levels for the stock are as follows and one should look to enter into the stock at the given levels to maximise their profit. Important support levels - 231, 221, 212, 193 Target on the upside are - 250, 300 Stoploss should be one of the mentioned support levels. These levels are from a positional perspective. NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
ILong
by mishraparimal09