Buy Indiabulls Real Estate for Rs 183 target: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, shares his views on the outlook of IB Real Estate.

IB Real Estate has jumped from Rs 156 to Rs 180 in three weeks? What do you make out of this?

For me it is a clear breakout at a level of Rs 172 and I still see some more upside - a very clear upside, good volumes. We have a target of Rs 183, which has come in early morning but you cannot buy it at this level. As a trade, may be it can be bought at Rs 175-178, so we are playing for a trading move of around 5%, it is already 3% up.