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    HomeNewsBusinessMarketsCash Market | IndiaBulls Housing Finance shows a breakout-pullback trade setup

    Cash Market | IndiaBulls Housing Finance shows a breakout-pullback trade setup

    A Bullish three inside out pattern at the support zone shows buyers are in control in IndiaBulls Housing Finance

    Moneycontrol Contributor
    August 25, 2023 / 07:18 IST
    Markets

    Manish Shah

    IBHF 2508

    The price action in India Ibulhsgfin shows a breakout-pullback pattern. Price shows a breakout of a major resistance zone at 152-155 a couple of weeks ago, and the price returned to its breakout zone. This is a breakout pullback trade setup. Price takes support at a rising 20-day moving average. A bullish Three inside-out patterns suggest buyers are in control of the counter. The weekly MACD is in buy mode. Buy for a rally to 180 and above that to 190. Keep a stop below 145.

    Disclaimer: https://www.moneycontrol.com/app-disclaimer

    Moneycontrol Contributor
    Moneycontrol Contributor
    first published: Aug 25, 2023 07:18 am

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