Purely technical view for educational purposes only IFB is one of the leading brands of electrical appliances. Stock has given Cup & handle breakout with volumes. Good stock for positional targets of 1330, 1480. SL is below 850 WCB. Try to accumlate in range of 960-980 for better risk reward ratio. Breakout reason is company has declared good Q2 2024 results.
➡️1000+ day descending channel breakout ➡️promoter holding ~75% ➡️debt reduction ➡️aims to achieve sustainable double-digit margins by the end of Q4 Cons: ➡️High P/E ➡️competitive segment
📈 Bullish Channel Alert! 🐂 📊 Pattern: Channel ,WEDGE 📌 Symbol/Asset: IFB INDUSTRIES 🔍 Description: Stock with channel Support & 20% upside probability 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Category: Continuation Key Highlights: 1. Bullish market structure on HTF 2. Tapped into the demand zone 3. Massive volume on the creation of the demand zone Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk. Rajat Kumar Singh (@johntradingwick) NSE Certified Technical &...
we can see the flag pole pattern breakout here , upside move just started with good volumes keep the long position
NSE:IFBIND Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
IFB 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...
Price - 1179.85 Dt. - 08.10.2021 Stock is consolidating near the support line placed at 1168.70. It tried to break this level twice before breaking successfully with higher than average volume. Stock is consolidating for the last 4 weeks and it looks like the stock is ready to resume the uptrend. RSI is strong and stock is above 21 DEMA and 50 DEMA.
W Pattern on Weekly Time frame Great Set up Looks Bullish High Volumes SL 1020s level Target 1410s Level
Broke the trendline with good volumes and bullish divergence. can enter now or after retest
Triangle breakout pattern in IFB Industries. time to go for long position.
close to support zone. stop loss is small. all moving averages about to converge. macd about to cross
NSE:IFBIND will cross all time high and reach new highs around Rs1800. Take a short to medium term perspective of 10-12 months to see the levels. CMP: Rs1147 Accumulate around Rs1115-1140 Targets: Rs1400/1600/1800/2000 All ideas are for learning purposes. Take advice of your financial advisors.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
The stock was falling consistently and shown a strong up move, looks good to buy above 1130 for the marked levels on the chart. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
A close look at the chart makes it obvious that the price has been in a downtrending channel and now it has reached a crucial support of 1027. If it breaks this support, we can expect to see the target of 951. Cheers!