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Ifb

IFB Industries bullish breakout observedIFB Industries has given a recent trendline breakout as well as breakout from a W pattern formation in Weekly and Daily charts. This makes it bullish for in short term. Entry-EXIT can be done as below: BUY around 1260-1250 during retracement or RISKY traders can start accumulating above 1316 SL: 1220 below Targets: 1399 as first target, a breakout with good volume above can take it to 1500+ levels Risk-Reward ratio: 1:3+ Don't forget to keep revising SL once in profit. ** This is a good time for IFB considering festive season sales as well.
NSE:IFBINDLong
by chandanjha29
2
IFB Industries : A Good Move AheadIt's a Good Long weekend, Days like these are the most welcome ones & I also have sometime to pick n choose Mid-cap stocks which are far away from the line we play by. Cutting straight to the subject IFB Industries looks quite promising based on post above, A Good 2-Year Old resistance zone is broken very convincingly with great volume surge compared to previous weeks. Even before the New high's in 2015 it consolidated for 84 days, Now after 2 years in 2017 , same thing repeats with 105 day consolidation and good breakout at the end of it. What else we can expect in a juicy trade setup ? I believe there is good potential for upside in this stock with 875's as first zone for target & final ones being 970's. Final Note : I didn't check much of its fundamental, but compared to peers its good, So have a look at it's fundamental & try your own analysis too :) Let Me know if you have some info on funda's or skewed news items or numbers. Happy Extended Weekend !
NSE:IFBINDLong
by InsiderB
6