HawkishDove

IBREALEST BO [Weekly]

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NSE:IBREALEST   INDIABULLS REAL EST
IBREALEST breaking out of a large weekly base with huge volumes as we can spot on weekly charts.
Keep in the list for now and see if it gives a chance to enter at this new pivot support level.
Generally large weekly base BO are strong as mentioned before as well.
Kommentar:
Seems to be absorbing supply near BO area. Considering the whipsaw the market saw, this stock has held on that area and once supply is absorbed, might push out.
Kommentar:
This is a failed BO for me now... Not thinking about taking a position now...
RS score has decreased for 87 to 60 in the past 4 weeks. Would wait for RS to stabilize or show some upwards momentum week over week.

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