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IFB Industies : Relative Strength

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NSE:IFBIND   IFB INDUSTRIES LTD
Relative Strength of the stock Compared the Nifty 50 is moving above 0 line form couple of sessions on daily chart . ( RS Learning courtesy : Premal Parikh)

There is also a breakout of the downward channel on weekly chart.

Because of the lock down, as there are less domestic helpers at households, there is increase in demand for white goods which might result in the surge in demand for the products in which the company operates.
Trade active: The Stock is up 10%

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