INDIABULLS HOUSING - IBULHSGFIN(NSE) | RISING WEDGE

INDIABULLS HOUSING - IBULHSGFIN(NSE) has been forming a Rising Wedge Pattern since April 2020. A long, red candle cutting the bottom boundary of the Wedge downwards can be utilized for Intraday Short Selling, where the price can fall till 203 i.e., the red dashed line, as per historical data. Also, a bounce-back from the red line i.e., the bottom boundary of the Wedge can be considered as a buying signal, keeping the target as the green line, the top boundary of the Wedge.