long consolidation in INDIABULLS HSG FINANCE (negative view)

2021년 11월 14일

INDIABULLS HSG FIN is currently weak in chart with rsi below 50, the stock lost its momentum after its weak quaterly result and lost all his weekly gain.It will go on long consolidation beforeit shows a good momentum upside.Multiple resistance at 253 and 240 level. closing below 230 (50)ema will further makes its trend more weak and stock will move towards 208.Weekly closing above 253 will make new way to 300 level
BUY only for swings dont hold for long term.





WE are in bull market and this stock has given only 3% return in a year . Retailers expecting magic to happen similarly like ( yes bank) .Retailer always loose money because cheap gets cheaper here.









DISCLAIMER- (personal opinion )-no genuine delivery buyers are there in this stock ,80% of the people do intra in this with Fibonacci level .Too many fiis and diis struck at higher level around 400,500 will exit and sell on every rise.promoter holding 21% retailer holding 35% (insane).Highly volatile stock with option writers manipulating at each level.