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NeeteshJain
Sep 18, 2017 7:24 AM

Infibeam - Breaking Towards New Highs  Long

INFIBEAM AVENUES LIMITEDBSE

Description

It has been observed on monthly chart that the price action breaks above strong resistance zone and shall further move up as buyers are now in control.

Fundamentally, the company have recorded highest quarter sales, and also sustaining growth in net profit margins, which has boosted the momentum in the stock.

Long term view:
T1- 180
T2-210
SL -140

Short Term View:
T1: 160
T2: 163
SL 152

Trade active

Trade closed: target reached

Short Term Target1 reached. Thanks
Comments
ParamjitMahapatro
@NeeteshJain , ew analysis shows wave [3] started here, in.tradingview.com/x/tAqgv6TN/, so yes we can see 200+ levels here,
ParamjitMahapatro
*wave [3] started here.
NeeteshJain
@ParamjitMahapatro, Rightly noted Sir, it shall further reach to 220-250 levels as Wave 3 will be longer than Wave 1. I really liked your sharing. Thanks
ParamjitMahapatro
@NeeteshJain, glad to know that you liked my analysis :)
estockmarket
Super duper...
NeeteshJain
@viks.gupta9894, Yes, it is a super breakout from resistance. Now, if it manages to hold above 140 levels through this month then it shall provide duper returns. Thanks
IamRam
Nice one. I entered @150 on the day the share split. Will wait for a quarter and see how it goes.
NeeteshJain
@IamRam, Yes, you can keep holding for long term targets until the price action stays above the strong support zone of 140 levels. Thanks
IamRam
@NeeteshJain, Sure, will do. Thanks.
hridaydasgu
Hi, What is your view on Infy for short term? If you could tell us quickly. Thanks for your time.
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