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⭐️ Ultra Equity Advice # 132 | Buy | Expected Profit 10-14%

POSITIONAL TRADING ADVICE

 BUY  Indiabulls Real Estate (NSE: IBREALEST)

INDIABULLS REAL ESTATE STOCK RECOMMENDATION

CP#46.85
IdeaBUY
Buy Range45 – 46.5
Target50.5 – 52
StopLoss*44
Duration7 – 10 Trading Days
Potential Returns^10 – 14%
CP#IdeaBuy RangeTargetStopLoss*DurationPotential Returns^
46.85BUY45 – 46.550.5 – 52447 – 10 Trading Days10 – 14%

# CP – closing price on June 05, 2020.
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 49.
^ Potential returns are calculated based on the median of buy range.

INDIABULLS REAL ESTATE COMPANY OVERVIEW

Indiabulls Real Estate Limited (NSE: IBREALEST) is involved in the business of real estate project advisory, project marketing, maintenance of completed projects, engineering, industrial and technical consultancy, construction and development of real estate projects and other related ancillary activities. This is one of the largest real estate companies in India with a well-diversified presence in both commercial and residential real estate development and has projects across the price spectrum, from mid-income, premium to the super luxury space. Incorporated in 2006, the company’s strategic focus is in key markets of Mumbai Metropolitan Region (MMR), National Capital Region (NCR) in India. Indiabulls Real Estate posts 75% decline in net profit at Rs 122.69 crore in FY20; against Rs 500.33 crore in the year-ago period.

INDIABULLS REAL ESTATE STOCK INFORMATION

Stock Data
NSE CodeIBREALEST
Sectoral IndexNifty Realty
52W High144.7
52W Low36.8
Face Value2

INDIABULLS REAL ESTATE TECHNICAL ANALYSIS (ADX)

Indiabulls Real Estate NSE IBREALEST Technical Analysis Daily ADX Chart
Indiabulls Real Estate Daily ADX Chart
  • Technically the stock had been moving in higher top and higher bottom formation indicating positive bias.
  • The recent lows also correspond to previous intermediate lows which were tested during the last few days, thereby making it a valid support.
  • ADX and +DI crossing above 25 indicate buying momentum and probable further rise.

INDIABULLS REAL ESTATE TECHNICAL ANALYSIS (BOLLINGER BAND)

Indiabulls Real Estate NSE IBREALEST Technical Analysis Daily Boillenger Band Chart
Indiabulls Real Estate Daily Boillenger Band
  • Last few days stock is trading above the 15 days MA and recent closing on the Upper Bollinger Band showing confidence of our positive view.

INDIABULLS REAL ESTATE TECHNICAL ANALYSIS (RSI)

Indiabulls Real Estate NSE IBREALEST Technical Analysis Daily RSI Chart
Indiabulls Real Estate Daily RSI Chart
  • The daily RSI (14) corrected from 30 odd levels now came near 50 levels which is a bullish zone. This points out developing positive breath in the stock.

CONCLUSION - INDIABULLS REAL ESTATE SHARE PRICE FORECAST

Based on our short term trading advice, Indiabulls Real Estate share price target will be 50.5 – 52 in the next 7-10 days.

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MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

ANALYST SUMMARY

This research analysis is prepared by Arijit Banerjee, CMT, CFTe. An engineering graduate developed an early interest in Trading since the age of 20. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and also has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts (IFTA), USA. His contribution to the market research was recognized by SEBI, the Regulatory Body of Indian financial market and given him the registration number INH300006582 as a Research Analyst. Over the years, he has gained experience in Technical Analysis with a demonstrated history of working in different asset classes. Himself as a trader, he has trained and continues training novice and experienced traders to become successful, confident and profitable in the financial market.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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