INFIBEAM - Breakout Setup, Move is ON..NSE:INFIBEAM
✅ #INFIBEAM trading above Resistance of 38
✅ Next Resistance is at 49
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
INFIBEAM
Breakout in Infibeam Avenues Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
INFIBEAM | Swing Trade📊 DETAILS
Sector: Online Services
Mkt Cap: 6,418 cr
Incorporated in 2007, Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services
TTM PE : 45.29 (Average PE)
Sector PE : 34.35
Beta : 1.22
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
4.12% away from 52 week high
Outperformer - Infibeam Avenues up by 9.65% v/s NIFTY 50 up by 4.59% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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Infibeam - purely technical pickI usually don't suggest penny stocks. However, I found the chart of a Nifty500 stock, Infibeam vey interesting!
We have a beautiful positive RSI divergence currently in weekly time frame.
If you observe the chart, a similar divergence is visible near the previous low of 7-8 after which it rallied upto 28.
It can be a good positional trade between 12.5 and CMP for targets of 17.5, 19.35 and SL below 11.15 DCB.
Please note that this idea is shared only for educational purposes and should not be taken as a recommendation. Kindly trade as per your own analysis.
Infibeam Avenues: Navigating the Up-Trend Breakout!📈 Key Points:
1. Up-Trend Momentum: The stock is riding a strong up-trend, signaling positive market sentiment.
2. Breakout Confirmation: A recent breakout, coupled with a successful retest, indicates a potential upward trajectory.
3. Entry Strategy: Planning a long entry as the stock has surpassed 23.60, aligning with the breakout momentum.
4. Risk Management: Two established stop-loss levels at 21.50 and 19.90 for prudent risk management.
5. Target Levels: Anticipated targets set at 25.50, 26.80, and 28.75, with potential for further gains.
6. Market Caution: Acknowledging the inherent risks in the stock market; emphasizing wise decision-making.
Educational Content: Sharing insights in a simplified manner, treating this as an educational piece for the community.
Encouraging the community to share opinions and foster collaborative learning.
Let's navigate the markets together and grow collectively!
#InfibeamAvenues #TradingView #StockBreakout
INFIBEAM - Long Setup, Move is ON..NSE:INFIBEAM
✅ #INFIBEAM trading above Resistance of 29
✅ Next Resistance is at 38
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#INFIBEAM intraday long trade setup (16/12/23)Greetings Folks,
today I have prepared a setup of
NSE:INFIBEAM on NSE
the analysis is as follows-
- the price is in a uptrend momentum right now
- following a weak breakout, price is now retracing to fuel back its efficiency and momentum
- as the price has returned more than 50%, its better to let the price take stable support
- there are 2 possibilities, either the price take support at the trendline or the zone mentioned in chart
- the market is very volatile, trade with light head
don't play with fire, always use a predefined stoploss
INFIBEAMINFIBEAM:- wait till breakout keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.