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IBULHSGFIN - Indiabulls Housing Finance News Story

₹178.2 1.6  0.9%

Last Trade - 7:55am

Mid Cap
Market Cap £780.8m
Enterprise Value £6.49bn
Revenue £990.6m
Position in Universe 324th / 3105

BUZZ-India's Indiabulls Housing Finance hits near 6-month high, chart suggests more upside

Fri 5th April, 2019 5:22am
** Shares of Indiabulls Housing Finance Ltd  INBF.NS  gain
as much as 1.54 pct to 912 rupees, highest since Oct 17, 2018
    ** Stock breaks above a resistance at 905.65 rupees, the
38.2 pct Fibonacci retracement level of the downtrend from Jan
29, 2018 high to Feb 11, 2019 low
    ** A close above this 38.2 pct level may lead to further
rise up to the next resistance at 1,007.65 rupees, the 50 pct
retracement level
    ** Stock's 5-day average volume is about 67 pct higher than
its 30-day average volume, seen favourable for further upside
    ** Stock's wave pattern suggests it is in the wave iii of a
five-wave uptrend 
    ** Trend intensity(TI) indicator rises two points to 29,
suggests prices are trending upwards
    ** MACD is positive and above its signal line
    ** Stock up 33.7 pct in the one month through Thursday,
outperforming the broader NSE Index's  .NSEI  6.8 pct gain

 (Reporting by Gaurav Dogra)
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