IFB Cup & handle breakout
Updated
Purely technical view for educational purposes only
IFB is one of the leading brands of electrical appliances.
Stock has given Cup & handle breakout with volumes.
Good stock for positional targets of 1330, 1480.
SL is below 850 WCB.
Try to accumlate in range of 960-980 for better risk reward ratio.
Breakout reason is company has declared good Q2 2024 results.
IFB is one of the leading brands of electrical appliances.
Stock has given Cup & handle breakout with volumes.
Good stock for positional targets of 1330, 1480.
SL is below 850 WCB.
Try to accumlate in range of 960-980 for better risk reward ratio.
Breakout reason is company has declared good Q2 2024 results.
Trade active
stock has retested breakout and showing strength.Note
Massive move seen today.Note
1328 high made. Almost T1 achieved!Stock is now charged up for ATHNote
New ATH made by stock as expected.1600 from 1000
Trade closed: target reached
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