Hold Indiabulls Real Estate, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, “Given the fact that in the weekly chart, there is some bit of concern at least the moving average convergence/divergence (MACD) and the relative strength index (RSI) are suggesting that in the near-term, if Indiabulls Real Estate were to fall below Rs 215 then it can fall further.”

“So, going by that hold it with a stoploss below Rs 215. If it were to fall below that then book your profits,” he added.

At 15:02 hrs Indiabulls Real Estate was quoting at Rs 229.40, up Rs 0.10, or 0.04 percent on the NSE.