IBULHSGFIN: Bearish Descending Triangle
Indiabulls is in a strong bearish trend and now near a strong support zone of 177-178.
A bearish descending triangle with a flat bottom at 178 is visible.
Any move below this level will cause the stock to fall up to 160 levels continuing the bearish outlook.
It can turn the trend taking support from here if the market view is overall positive.
Downtrend breaking support
Target 162
Uptrend holding supports:
Target 202
A bearish descending triangle with a flat bottom at 178 is visible.
Any move below this level will cause the stock to fall up to 160 levels continuing the bearish outlook.
It can turn the trend taking support from here if the market view is overall positive.
Downtrend breaking support
Target 162
Uptrend holding supports:
Target 202
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