Long

IBULHSGFIN bullish breakout ahead

The Stock has been in a falling channel pattern and has also made a symmetrical triangle which is a continuation pattern but a triangle also means that the sellers are ready to sell low and buyers are ready to buy high and this results to consolidation and then a point of breakout.

Ibulhsgfin looks bullish to me, if it breaks both the triangle and the channel then we will see a good upmove for the targets marked above.

Buy Above - 254/Blue Line

MACD is BULLISH
RSI has room for BULLS
EMA are supportive

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Beyond Technical AnalysisChart PatternsIBULHSGFINibulhsgfin-chartibulhsgfinlongIBULHSGFIN-TRADEintradayanalysisintradaytradeNIFTYnifty50swingtradeTrend Analysis

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