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IBULHSGFIN - Indiabulls Housing Finance News Story

₹184.9 -1.9  -1.0%

Last Trade - 11:29am

Sector
Financials
Size
Mid Cap
Market Cap £812.8m
Enterprise Value £6.52bn
Revenue £991.3m
Position in Universe 322nd / 3108

BUZZ-Chart suggests end of correction for Indiabulls Housing Finance

Thu 13th December, 2018 5:25am
** Indiabulls Housing Finance Ltd's shares INBF.NS , which gain as much as 9.63 pct to 805 rupees, may have ended a correction - technicals suggest ** Stock's wave pattern suggests it has completed a three-wave correction that started on Jan. 29 ** Stock is in the first wave of a new uptrend, unless the correction turns out to be a combination of corrective patterns ** Stock breaks above its 20-day exponential moving average and a resistance at 778.2 rupees, the 14.6 pct Fibonacci retracement level of the downtrend from Jan. 29 high to Dec. 11 low ** MACD is above its signal line, seen favorable ** Stock is down 38.63 pct this year as of last close, while the broader NSE Index .NSEI is up 1.96 pct in the same period <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ INBF Technical Chart https://tmsnrt.rs/2SMPITR ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra; Editing by Sunil Nair) ((gaurav.dogra@thomsonreuters.com;))
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