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Indiabulls Real Estate - Potential Bullish Structure

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The price breached the downtrend line with high volume and rallied to change the market structure. This strong momentum increased the RSI to the 70-ish level. The price may now consolidate a bit to cool off the RSI, before giving the next leg upwards. This seems like a good time to accumulate. The market structure is clearly bullish and all the dips must be seen as buy opportunities.

The target which I am looking at is 121.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

If you like my charts, make sure to share and comment.

P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
注释
Target 1 reached. ✅✅
交易结束:到达目标
All targets reached. ✅✅
Chart PatternsindiabullsindiabullshousingTechnical IndicatorsTrend Analysis

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
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