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IFBIND broke consolidation channel

Long
IFB INDUSTRIES LTD (NSE:IFBIND)  
Finaticks  
NSE:IFBIND   IFB INDUSTRIES LTD
Parallel Channel channelbreakoutstrategy
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parallelchannel channelbreakoutstrategy
IFBIND broke a minor consolidation zone and is heading for a target of 1500.
Area of entry would be in between 1250 - 1300 and Stop loss can be 1100

Supporting factors

1. Huge Volume on Breakout
2. No Major Resistance until 1500

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