Kunal Bothra of LKP told CNBC-TV18, "I am very bullish on Indiabulls Real Estate. If we look at the charts, today also the real estate pack is showing a bit of traction over here. It was bit of missing for the last couple of days. They probably remained in a range - DLF, Unitech, Indiabulls Real Estate. They remained more or less in a range."
He further added, "Today, we are seeing a good bit of action coming across all the real estate stocks. My sense is that Indiabulls seems to be one of the top picks. looking at the weekly charts, it's an inverse head and shoulder, the breakout has already happened and the stock has already made a 52 week high. I am sensing the stock could probably crossed the Rs 90 levels and Rs 92-93 is my target for Indiabulls. Stop loss has to be maintained at Rs 82 levels on Indiabulls." Disclosure: No personal holdings in any of the stocks discussed but at LKP we keep recommending these stocks to the clients.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
