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Showing posts with label Indiabulls Realestate. Show all posts
Showing posts with label Indiabulls Realestate. Show all posts
Saturday, October 27, 2012
Wednesday, January 25, 2012
Monday, October 31, 2011
Saturday, October 22, 2011
Friday, October 21, 2011
Wednesday, March 09, 2011
Thursday, January 20, 2011
Wednesday, January 19, 2011
Saturday, October 23, 2010
Friday, August 13, 2010
Thursday, July 08, 2010
Tuesday, May 04, 2010
Tuesday, March 02, 2010
Sunday, February 14, 2010
Wednesday, January 27, 2010
Indiabulls Real Estate Technical Analysis
We recommend a sell in the stock of Indiabulls Real Estate from a short-term perspective. It is apparent from the charts that the stock had been on an intermediate-term uptrend from its March 2009 low of Rs 83 till it encountered key resistance at Rs 298 in October 2009. However, the stock reversed direction and started to decline. Since October the stock has been on a medium-term downtrend. While trending down, it penetrated the intermediate-term uptrend-line and the key support at Rs 250 in end-October. The stock is trading well below its 21, 50 and 200-day moving average compression occurred around Rs 220. On January 25, the stock fell almost 4 per cent, breaching the immediate support level of Rs 200. The daily relative strength index (RSI) is featuring in the bearish zone and weekly RSI is on the brink of entering this zone from the neutral region. Besides, the daily moving average convergence and divergence indicator has re-entered into negative territory and weekly MACD is entering this territory. Our short-term outlook is bearish for the stock. We expect it to decline until it hits our price target of Rs 172. Traders with short-term perspective can consider selling the stock while maintaining stop-loss at Rs 201.
via BL
Monday, January 25, 2010
Thursday, December 31, 2009
Friday, November 20, 2009
Indiabulls Real Estate
We recommend a sell in the stock of Indiabulls Real Estate from a short-term perspective. It is evident from the charts that the stock had been on an intermediate-term uptrend from March low Rs 83 until the October high of Rs 298. However, after encountering long-term resistance around Rs 300, the stock reversed direction triggered by negative divergence in the daily moving average convergence and divergence (MACD) indicator. The stock’s intermediate-term uptrend line was conclusively penetrated in late October and it continued to decline. Thereafter, the stock reinforced its short-term downtrend by breaching 21 as well as 50-day moving averages and is currently trading well below them. The short-term down trendline of the stock is intact. The daily relative strength index has entered into the bearish zone and daily MACD is featuring in negative territory. We are bearish on the stock from a short-term perspective. We expect it to decline further until it hits our price target of Rs 200 in the upcoming trading sessions. Trader with short-term horizon can sell the stock, while maintaining a stop-loss at Rs 235.
via BL
Tuesday, August 04, 2009
Indiabulls Real Estate
We recommend a buy in Indiabulls Real Estate from a short-term trading perspective. It is evident from the stock’s charts that after forming a triple bottom, bullish reversal pattern spanning between October 2008 and May 2009, it broke out of the neckline at Rs 160 emphatically in May. Since March low of around Rs 82, the stock has been on an intermediate-term uptrend. In mid-July, it conclusively penetrated its 21 and 50-day moving averages and is trading way above these averages. Moreover, on Monday, the stock broke through a medium-term resistance at Rs 250, on above average volume. Both daily and weekly momentum indicators are hovering in the bullish zone. The intermediate-term up trendline is intact and still in place. Our short-term outlook is bullish on the stock. We expect it to move up further until it hits our price target of Rs 288 in the upcoming trading sessions. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 247.
via BL
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