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,...
Price after breaking the 3 years resistance moves up slowly and now it is trying to break the small resistance created 2 months ago.
Another thing to watch here in the chart is price taking support from the parallel channel.
