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SHRIHARII
Jan 27, 2024 7:29 AM

IFBIND / IFB INDUSTRIES LTD - 3 Years Downtrend Channel Breakout Long

IFB INDUSTRIES LTDNSE

Description

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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