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SHORT IBULHSGFIN

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NSE:IBULHSGFIN   INDIABULLS HOUSING
Go Short on IBULHSGFIN as MACD is forming a Curve and is about to give a crossover
Also, Weekly Charts are showing a higher possibility of a breakdown
And Parabolic SAR has also turned Bearish
RSI has fallen from overbought region to 50 zones which shows that it still can go till oversold zone
Few Days before a Bearish Candle's Body Engulfed its prior Candle's body which is not a complete Bearish Engulfing candle but it shows the high sentiment of Bears
Bollinger Band is Contracting but that Contraction is a little bit slower so the fall would be profitable if caught properly.

Happy Trading......
Dagangan aktif:
SL AT RS 270
TARGET AT RS 260
NET PROFIT 2.75
Penafian

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