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
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stock has retested breakout and showing strength.
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Massive move seen today.
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1328 high made. Almost T1 achieved!Stock is now charged up for ATH