At 330.65 IBULHSGFIN had a pivot support which was sustaining for a while on hourly charts as well as on 5min HA charts, but on 14th Feb the stock broke that crucial support with slight increase in volumes.
Taking short position is advised to consider if price sustaining below 306.50 on 5min charts for the target of 301.85 followed by 297.55 and 289.15. Further, due to crucial support break if someone wishes to take aggressive short in IBUL can consider if price sustaining below 315.05 for the target of 310.65 followed by 306.50.
Long position should be considered only and only if IBUL is sustaining above 330.65 on 5mins charts for the target of 339.75 followed by 346.85 and 358.15.
Will share the trade idea for all segments (FnO and Cash) in IBUL at request only.
P.s.- Please trade as per your comfort and risk.