INDIABULLS HOUSING FINANCE - Looks Explosive

CMP 219
There were 2 failed attempts at the breakout around 250.

A tilted inverse Head and Shoulder pattern is formed.

With today's candle , the top points are also in sync forming a trend line and the price seems to be breaking out tomorrow (28/08/2020). Watch out!

MACD also looks supportive of the move.

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Comment:

Not a great break out as one would have expected but nonetheless positive.

Comment:

Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.

No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.