Infibeam - purely technical pick

May 14, 2023

I usually don't suggest penny stocks. However, I found the chart of a Nifty500 stock, Infibeam vey interesting!
We have a beautiful positive RSI divergence currently in weekly time frame.
If you observe the chart, a similar divergence is visible near the previous low of 7-8 after which it rallied upto 28.
It can be a good positional trade between 12.5 and CMP for targets of 17.5, 19.35 and SL below 11.15 DCB.

Please note that this idea is shared only for educational purposes and should not be taken as a recommendation. Kindly trade as per your own analysis.

Sep 11, 2023

Note

Trendline breakout done! Target 1 crossed.

Dec 14, 2023

Note

23 done.
50% returns

Jan 24

Note

Above 28, we can expect 40+ in this stock

Jan 27

Note

Stock has given weekly closing above 28. Keep in watchlist. 2x returns from entry done.

Jan 29

Note

20% up today.That's the power of weekly breakouts!

Feb 1

Note

As expected , 40 done(Day high). Book your profits and hold free shares for longterm.