May 1, 2010

INDIABULLS FIN SERVICES DAILY CHART
INDIABULLS FIN SERVICES MONTH CHART
  • INDIABULLS FIN SERVICES has given a channel break out.
  • the stock has given break out at 140 rupees so keeping 140 as stop loss one can go long for a target of 190. 
  • 210 region is the next big resistance trade accordingly
  • month channel is also showing a bullish candle with good volume increase. In may 2009 the stock had a bullish candle with low buying volume which was sold into, but the current month volume seems to be good suggesting good buying opportunity.
thank you

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
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