Thursday, May 4, 2017

IBULHSGFIN FUTURE TRADING TIP FOR 05 MAY 2017


BUY IBULHSGFIN ABOVE 1095 tgt 1120/1135 sl 1070
The Primary trend of IBULHSGFIN  is bullish and after giving breakout of its MONTHLY resistance POINT range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1100 ; as the stock is managing to trade above its 22 and 55& 200 days moving averages with the RSI of 78, one may expect the targets of 1130/1150  in the stock if it manages to sustain above the immediate support level of 1070.first resistance level seen on charts at 1115.
DAILY CHART FOR IBULHSGFIN:
Nifty Breaks The Range Of 9370 
Technically, analysis would still remain same and Indian Stock Market is still in positive
trend. Today, Market was seen sideways movement and a sharp breakout from this range of 9370. Traders can enter as soon as now. today, the range breakout is seen on closing basis. or traders can continue to buy at support and sell at resistance levels. The support for the Nifty is 9350-9330-9300-9250 and the resistance to the up move is at 9370-9400-9415-9435 levels.


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