IFB industriesPrice crossing above 3 years AVWAP trendline and simultaneously crossing 1 year price trend line.
Target 950-1000
IFBIND trade ideas
IFB Resistance803 Seems final resistance for the stock. it is consolidating withing range of 770 to 803 for last 4 weeks. Breakout above 803 may give good risk reward trade. Sl can be kept at 754.
IFB industries 1D chart Kindly take entry once u get a proper reversal or breakout from the levels, please support my views
Big bull run - will break down to supportPrice after getting rejected from November 2019 went down big and reached the same levels in November 2020 to get rejected once again.
It is a big bull run from the triangle pattern breakout and to reach the same levels once again, so there should be possible trend line break down till the support level at least.
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IFBIND - Bullish Flag pattern breakoutNote: This is for educational purpose only.
There seems to be a bullish flag pattern breakout with good volume. There seems to be a breakout in RSI as well. Moreover, RSI above 65 indicates bullish momentum.
IFB Industies : Relative Strength Relative Strength of the stock Compared the Nifty 50 is moving above 0 line form couple of sessions on daily chart. ( RS Learning courtesy : Premal Parikh)
There is also a breakout of the downward channel on weekly chart.
Because of the lock down, as there are less domestic helpers at households, there is increase in demand for white goods which might result in the surge in demand for the products in which the company operates.
IFB ind for this weekOne can buy this positional and wait for the tgts mentioned in this chat.if the closing is above 556 lvl one can expect 600 in near days.
An evening star pattern formationAn evening star pattern formation can be seen. Monday open can be a good indicator
IFB - Conditional Trade IdeaKey S&R have been marked on the chart.
The converging triangle pattern fits majority of stocks post COVID - so its not a surprise.
Below 395; Short for Target upto 380; SL 410
Above 410; Long for Targets of 420; SL 395.
Wait for 15 min candle to close before taking positions.
IFB Industries - Study - Long above 720IFB looks bullish on charts above 720 for a target of 800, 885, 1005 & 1070.
Stoploss : 630
Higher Trade and Delivery with Bullish HaramiConsistently improving on Higher Delivery quantity and trade quantity
Close to 52 week low Zone
Formed Bullish Harami.
Keep on track for trend reversal and add to long
