Here’s the latest monthly chart of Indiabulls Real Estate Ltd (INRL.NS) as of 14 Feb 2014. The stock has been in a range between 40 to 80, and 40 should hold even in the current downmove. The stock should retrace back to 60 within 2-3 months. We are active investors in this stock. Contact us to make 25-30% per annum during year 2014, 2015 via investment in Indiabulls Real Estate stock.

The chart says it all. Unitech has been tightly contained by its resistance line, and there haven’t been any triggers for break out on upside. However, a breakout at current level of 16 can take the stock into rapid upmove towards 21-26 level.  Current Price = 16 and 1 year Target =31 (by 31 Dec 2014).