Indiabulls Real Estate can test Rs 265-270, says Technical Analyst, Ashwani Gujral.

Gujral told CNBC-TV18, "Indiabulls Real Estate is a pretty range bound stock although it’s quite volatile within a range. All of these stocks broke down key supports like Indiabulls Real Estate broke down from Rs 230 and had a negative breakdown but didn’t sustain more than one day, short past Rs 230 again and now could be headed towards Rs 265-270. But longer-term it still remains kind of sideways; you tend to buy it below Rs 230, tend to sell it Rs 265-270. So nothing has changed, they remain quite sideways."