Volume buildup in daily and weekly timeframe in past few days. Presently on all time high, if closes candle above the 6year old or all-time high than can give good reward. NOTE: i do my analysis, do your before trade.
One can watch for reversal from the marked levels.. we are on the weekly time frame so patience is a must! above this marked all-time high level, once broken, it will touch 2000 level & even more. Thanks
-3 year old trend + Rsi breakout -rise in volume + strong closing -keep in radar above 1140 -my target is 2000 from here
Weekly charts for this week should be interesting. 3 working days vs 6 working days last week vs normal 5 working days. Starting with #IFBindustries which has broken out of channel, interesting and worth keeping eye on. good Gudiance was given by management last quarter in earnings call. Worth keeping eye on
Purely technical view for educational purposes only IFB is one of the leading brands of electrical appliances. Stock has given Cup & handle breakout with volumes. Good stock for positional targets of 1330, 1480. SL is below 850 WCB. Try to accumlate in range of 960-980 for better risk reward ratio. Breakout reason is company has declared good Q2 2024 results.
IFBIND - Weekly breakout with huge volumes after 3 years! Great price action with good upside potential. Waiting for a good dip to buy would give a nice 1:2 Risk reward.
the stock performed a channal (consolidated more than 3 years) and broken out
IFBIND 1) Time Frame - Weekly. 2) The Stock has been consolidating in a downtrend channel since 2021 & Now It has given a 3 years Downtrend breakout with huge volume & strong bullish candle close in weekly. 3) The next target / resistance would be its previous life time high (1546.95 - 24.5% from the current price 1241.95). 4) Recommendation - Strong Buy
IFB Industries- 0.618 retracement done on monthly long back. For the past 2 years, its undergoing a big flag pattern. So will explode once it breaks up. The point to be noted is, even if it breaks up in daily, wait for the weekly candle close atleast for safe trade. If not keep the stop loss as the candle close within the channel after breaks up. Paisa double...
➡️1000+ day descending channel breakout ➡️promoter holding ~75% ➡️debt reduction ➡️aims to achieve sustainable double-digit margins by the end of Q4 Cons: ➡️High P/E ➡️competitive segment
as you can see flag & pole pattern in chart , various indicators also supporting and most importantly it has consolidated very long .
3-4 green candles on weekly, breakout with volume confirmation and worth tracking for next support formation for better R/R
This is one of my personal favorite pattern. Let's wait for a confirmation then we can enter long around 1000. RIght now we should wait and observe.
In the Weekly Chart of IFBIND , we can see that; it has given Range Breakout. Let it retest and then enter with SL and Target. Expected momentum is shown in chart.
IFBIND | Ascending Triangle Breakout | Swing Trade chart analysis - Ascending Triangle Breakout
📈 Bullish Channel Alert! 🐂 📊 Pattern: Channel ,WEDGE 📌 Symbol/Asset: IFB INDUSTRIES 🔍 Description: Stock with channel Support & 20% upside probability 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
triangular pattern.... mostly will not break the support range of 800-870 targets given upto previous high
Consolidating on Weekly time frame can give a great move in coming weeks.