Target for Indiabulls is 225, stop loss around 145-150: Kunal Bothra

Kunal Bothra, Manager – Retail Advisory, Technical Analyst, LKP, in a chat with ET Now on Indiabulls Financial Services.

What’s your take on Indiabulls Financial Services?

Indiabulls Financial Services is trading at around 183-184 levels and it has broken out of a very good 155 levels. It is trading well about its 100 and 200 long term daily moving averages and the overall daily pattern is back with good volumes.

So this breakout is not a false breakout. It is back with very strong volumes. So we see that uptrend would likely continue in the coming few trading sessions. The target for Indiabulls is close to 225. You can keep your stop loss at around 145-150 levels.