tradewithamey_

IFB Cup & handle breakout

Long
tradewithamey_ Updated   
NSE:IFBIND   IFB INDUSTRIES LTD
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.
Trade active:
stock has retested breakout and showing strength.
Comment:
Massive move seen today.
Comment:
1328 high made. Almost T1 achieved!Stock is now charged up for ATH
Comment:
New ATH made by stock as expected.
1600 from 1000

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