Update, July 12: As predicted, the stock did fall starting June 22, and was technically weaker for three weeks after. 

Indiabulls Real Estate, a stock market darling that has gained over 184% in the past six months in share price, may start showing some pullback soon, looking at its technical analysis.

While the stock's MACD is above its center and signal line (a bullish indicator) two other indicators are warnings: the RSI (Relative Strength Index) for the stock is 76.28 (above 70 suggests stock may be overbought) and the MFI (Money Flow Index) is 78.18 - again, above 70 indicates an overbought stock. This suggests that the stock may start petering out in momentum soon and could see some reversal as traders cash in on their gains. The stock hit a new year high in the past week.