Equinox (aka Indiabulls Real Estate) - Pivot
Real Estate has been a hot space in the markets recently..
Several marquee investors have recently pumped into Indiabulls Real Estate..
Their business issues have been resolved as part of the merger with Embassy/Black rock. (NCLT too will now approve it most likely)
During this fall the volumes have all but dried up which is often a good trigger that the stock could bounce.
Long at 145/143 and then again if it bounces from there and breaks above 153.
Stoploss after the first buy would be below 136.
If the wedge breakout happens and we make the 2nd buy then SL below 145.
Several marquee investors have recently pumped into Indiabulls Real Estate..
Their business issues have been resolved as part of the merger with Embassy/Black rock. (NCLT too will now approve it most likely)
During this fall the volumes have all but dried up which is often a good trigger that the stock could bounce.
Long at 145/143 and then again if it bounces from there and breaks above 153.
Stoploss after the first buy would be below 136.
If the wedge breakout happens and we make the 2nd buy then SL below 145.
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