IBULHSGFIN - chart - 701534
IBULHSGFIN
Squeeze in formation on 5min as well as hourly HA charts in IBULHSGFIN with slight increase in volumes.
Taking short position is advised to consider if price sustaining below 92.65 on 5min charts for the target of 87.25 followed by 83.25 and 76.55. Further, due to crucial support break at 95 if someone wishes to take aggressive short in IBUL can consider if price sustaining below 94.5 for the target of 90.25.
Long position should be considered only and only if IBUL is sustaining above 100 on 5mins charts for the target of 105.75 followed by 112.85 and 118.15
My personal bias is Consolidation with further bearish move on IBULHSGFIN but will consider waiting for clear direction rather entering the trade, however it is wise to stick to levels give only.
p.s. –. Trading in current markets is very risky due to uncertainty and volatility in the market but will trade as per my given levels only. Please trade as per your comfort and risk. These levels have derived by analyzing Options data and spot price movement.