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 &...
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.
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!
Sell if sustains below 1360 for the targets of 1300, 1210, and 1120 until 1460 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
IFB industry historical chart says when it cross RSI 70% within 2-3 month getting double. Same movement can be seen here. Even we consider last month 50% movement and this month 20% movement than also looks decent for next 2-3 month as investment or positional trading. High Volume and MACD also support in all time frame.
Disclaimer :- Stock is not a part of my...
