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Indiabulls Housing Finance - Is all the bad news is priced in
After a bag correction IndiaBulls Hosing Finance is trying to move back, long positions can be considered on dips.
Probably all the bad news is priced in already, there is a huge buildup on short side. Show of little strength may result in a cascading effect and push the prices higher in no time.
Trade on the long side, utilising dips for a target of 340 or so.
Stop-loss of 189-191 should be followed for trading positions, medium and long investors can study the fundamentals further and take a call based on them.
Please hit LIKE for this post if you find it worthy, do consider FOLLOWING me on this forum for periodic updates.
Probably all the bad news is priced in already, there is a huge buildup on short side. Show of little strength may result in a cascading effect and push the prices higher in no time.
Trade on the long side, utilising dips for a target of 340 or so.
Stop-loss of 189-191 should be followed for trading positions, medium and long investors can study the fundamentals further and take a call based on them.
Please hit LIKE for this post if you find it worthy, do consider FOLLOWING me on this forum for periodic updates.
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