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SHRIHARII

IFBIND / IFB INDUSTRIES LTD - 3 Years Downtrend Channel Breakout

Long
IFB INDUSTRIES LTD (NSE:IFBIND)  
SHRIHARII Updated   
NSE:IFBIND   IFB INDUSTRIES LTD
Trend Analysis Chart Patterns Beyond Technical Analysis channelbreak downtrendbreak cuppattern consolidation resistancebroken Bullish Patterns momentumbreakout buy
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trendanalysis chartpattern beyondta channelbreak downtrendbreak cuppattern consolidation resistancebroken bullish momentumbreakout buy
IFBIND

1) Time Frame - Weekly.
2) The Stock has been consolidating in a downtrend channel since 2021 & Now It has given a 3 years Downtrend breakout with huge volume & strong bullish candle close in weekly.
3) The next target / resistance would be its previous life time high (1546.95 - 24.5% from the current price 1241.95).
4) Recommendation - Strong Buy
Comment:
As mentioned previously, The given target of 1546.95 (24.5%) from the given price 1241.95 is achieved.
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