Don't Skip this Real Estate Stock for Trading

  • Stock Market Analysis

About the company:

Indiabulls (NS: INBF ) Real Estate Ltd (NS: INRL ) has a presence in residential real estate development from affordable to premium and uber-luxury space. It mainly focuses on the construction and development of residential, commercial, and SEZ projects across the Indian metro cities. Geographically, the company’s strategic focus is in key markets of MMR and NCR Region. The stock is trading at a 6.22%  discount to its 52-week high level. The 52-week high and low range is Rs 175 – Rs 46.30.

Technical observations:

One week time frame: (Chart 1)

On a weekly time frame, you should note that Indiabulls Real Estate stock has made a Cup and Handle pattern. The share broke the resistance of Rs 134 and moved higher supported by volumes. Since then, the scrip has pulled back and has taken support at Rs 134 level and bounce back. Relative Strength Index (or RSI) is above 65 and the Moving Average Convergence Divergence (or MACD) line is likely to cross the signal line from below. It indicates positive momentum on the share. Long-term investors should enter at current levels. They should maintain a stop loss at Rs 128 (previous swing low) on a weekly closing basis.  
One day time frame: (Chart 2)

On a daily time frame, you should observe that the stock made a Rounding Bottom formation. It is on the verge of giving a breakout once moves and stays above Rs 165. We can also see that on October 14, 2021, the scrip has broken out of an Ascending Triangle pattern. High volumes support the upward movement. RSI is above 60 which also indicates positive momentum. Positional traders should enter once the stock crosses Rs 165 and stays above it. They should maintain the stop loss at Rs 139 on a daily closing basis.

We expect the stock to maintain positive bias and move higher going forward. Short-term traders should take a position at the current level and keep a strict stop loss of Rs 153 on a daily closing basis.

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  • Sameer Padole/ @Sameer Padole/
    Folks, please check IBREL price today.
    Like 3
    • tushar tkt @tushar tkt
      @Sameer Padole/ SIR im holding 1000 shares  from 80 rs. It had fallen from 186 to 160 now whats your advice hold or sell on any jump.
      Like 0
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  • Tr Surendhar @Tr Surendhar
    Thank u
    Like 1
  • Kailas Jangale @Kailas Jangale
    Like 1
  • roshan shrestha @roshan shrestha
    I've since muhurt trading of 2020. price was 63. now 145% profit already.
    Like 3
  • bond james @bond james
    up up up up
    Like 1
  • Maheswar Sahoo @Maheswar Sahoo
    Like 1
  • aruna das @aruna das
    that's good👍
    Like 1
  • Ratan Goenka @Ratan Goenka
    if you like chart of this stock please trade yourselves as following your advice does not work in stock market
    Like 1
  • Andugulapati Venkata Ramarao @Andugulapati Venkata Ramarao
    Very good analysis
    Like 1
  • Ajit Mitkari @Ajit Mitkari
    I am ur big fan sir, ur observation is very helpful for us. thanks a lot sir🙏
    Like 1
  • gopal mundhra @gopal mundhra
    1st stop loss should below 142best buying 148-149 rangeGood above 157
    Like 2
  • Bipin Talati @Bipin Talati
    thank u sir
    Like 1
    Like 1
  • Manthan Kataria @Manthan Kataria
    Thankyou sir
    Like 2
  • Praveen Kumar Mukriyantavita @Praveen Kumar Mukriyantavita
    thank you
    Like 1

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