Thursday, November 08, 2012

indiabulls: last hope for buying

indiabulls financial serv.... last hope for breakout..
As shown in fig, this stock is nicely rested on its trendline support. 230 level is being the major support for upward move. i have mentioned earlier to watch breakout level of 257 but stock failed to break that level.. is it low risk buying opportunity for this stock?? will paying divident by the company work? me personally believe that as far as stock rests above trandline n 230 level is not broken, stock can be bought for maximum returns.. i will initiate buying on this stock if it closes above 245.