POSITIONAL TRADING ADVICE
BUY Indiabulls Real Estate (NSE: IBREALEST)
INDIABULLS REAL ESTATE STOCK RECOMMENDATION
|Buy Range||45 – 46.5|
|Target||50.5 – 52|
|Duration||7 – 10 Trading Days|
|Potential Returns^||10 – 14%|
|CP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Returns^|
|46.85||BUY||45 – 46.5||50.5 – 52||44||7 – 10 Trading Days||10 – 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
|Sectoral Index||Nifty Realty|
INDIABULLS REAL ESTATE TECHNICAL ANALYSIS (ADX)
- 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)
- 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)
- 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.
Follow ULTRA EQUITY ADVICE #132 On Social Media
⭐ Ultra Equity Advice # 132— Goodluck Capital (@CapitalGoodluck) June 8, 2020
● Recommendation - BUY
● Expected profit 10-14%
● Duration 7-10 trading days
● Risk : Reward = 1 : 3
(minimum for 1st target)
● Avg. Profit ₹ 12,000/Lakh capital in this #stockhttps://t.co/THzMUFDkR1#trading #tradingstrategy #tradingtips