Uptrend still on in Indiabulls Finance: Kunal Saraogi, Technical Analyst

Kunal Saraogi, Technical Analyst, equityrush.com, in a chat with ET Now talks aboout Indiabulls Financials.

What is the call on Indiabulls Financials?

If you look at Indiabulls Financials on the charts, it faces a resistance close to 218. So that is going to be a major level for Indiabulls Finance. Overall the uptrend is still on. It is an intermediate short term uptrend. Most critical level would be 218 and we will have to wait and see whether the stock actually has the whwerewithal to actually cross beyond that level. So 218 is going to be where the current rally might actually start to pause. So for now, it is okay for the stock. Those with long positions can revise their stop loss now to 200.