Note: This is for educational purpose only.
There seems to be a bullish flag pattern breakout with good volume. There seems to be a breakout in RSI as well. Moreover, RSI above 65 indicates bullish momentum.
Key S&R have been marked on the chart.
The converging triangle pattern fits majority of stocks post COVID - so its not a surprise.
Below 395; Short for Target upto 380; SL 410
Above 410; Long for Targets of 420; SL 395.
Wait for 15 min candle to close before taking positions.
It'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...