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IFBIND | GOOD RR SETUP

Long
IFB INDUSTRIES LTD (NSE:IFBIND)  
Divergent_trader Updated   
NSE:IFBIND   IFB INDUSTRIES LTD
Trend Analysis Chart Patterns breakout
2
0
trendanalysis chartpattern breakout
Reasons for trade :
1) A double bottom spread over 3 months.
2) Price breakout of downtrend with simultaneous volume breakout on 2nd Sep'21.
3) Price sustaining above 200MA
4) A low-risk setup of 2.5 RR

Buy above 1144.3 | Targets 1431 | SL 1030.
Trade active

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