Infobeans - Multi months breakout. Infobeans has be consolidating for several months, over a couple of years actually.
Stock has made a strong accumulation of 400-500 and, now, after about an year it is showing signs of strength to breakout from the zone with some strong volumes.
Once the stocks breaks it lower highs and lower lows pattern, it should show some good positive moves.
CMP: 499
Breakout/Buy point: 502
SL: 408
Target: 630
If stock happens to give a dip to 460 then it will an accumulation opportunity.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
