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Indiabulls Housing Finance - Is all the bad news is priced in

After a bag correction IndiaBulls Hosing Finance is trying to move back, long positions can be considered on dips.

Probably all the bad news is priced in already, there is a huge buildup on short side. Show of little strength may result in a cascading effect and push the prices higher in no time.

Trade on the long side, utilising dips for a target of 340 or so.

Stop-loss of 189-191 should be followed for trading positions, medium and long investors can study the fundamentals further and take a call based on them.

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