STOCK IN DOWNTREND: INFIBEAM AVENUE
Infibeam has been in a downtrend for the past three months.
The volume profile is also weakening continuously.
It has to hold the current levels of 27 for few more sessions for any upside movement.
The key resistance levels are 20, 17, 13 levels.
Infibeam is expected to give good quarterly result.
Brokers have upgraded the recommended price to 37 (one year target).
You can partially enter when the current levels are sustained in weekly chart.
The volume profile is also weakening continuously.
It has to hold the current levels of 27 for few more sessions for any upside movement.
The key resistance levels are 20, 17, 13 levels.
Infibeam is expected to give good quarterly result.
Brokers have upgraded the recommended price to 37 (one year target).
You can partially enter when the current levels are sustained in weekly chart.
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