Indiabulls Real Estate in deep downtrend: Ashwani Gujral, Market Strategist

Indiabulls Real Estate does not have great amount of momentum on the upside.

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Indiabulls Real Estate.

What is your take on Indiabulls Real Estate?

Indiabulls Real Estate, at 105-110, is finding support out there. In a real estate rally, which seems unlikely for the moment, it could test 123-125 but it does not have great amount of momentum on the upside. Nothing really is significant, it is in deep downtrend.
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