Stockupy

IMFA | 25% upside potential | Good R:R setup

Long
NSE:IMFA   INDIAN METALS & FE
CMP- 785
SL- 740 close basis
Target - 980-1000 levels

17/8/21

- Breakout and retracement above previous ATH levels-
- Support zone 740-800 levels
- Above all major EMA
- Volume surge on breakout with weaker pullback
- Delivery VOL in pas days have been exceptional
- Long wick candles at support level indicating buyers standing there
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- Fundamentals positive

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