Observed a bullish breakout of the recent resistance zone with good volume.The breakout happened with an impressive delivery volume of 68% and the today’s candle has formed a bullish marubuzo kind of formation with no lower tail and a very small upper tail indicating the aggressiveness of the buyers.The trend is expected to be bullish for the next few days.Both the RSI and MACD has confirmed the uptrend.The stoploss can be placed at the recent bottom or the recent support while the target be fixed with a risk reward ratio equal to 1.
IBULHSGFIN-Bullish Breakout
