Technical Analysis:
Support and Resistance Levels:
The asset's journey through this correction phase has highlighted critical support levels that historically signify strong buying interest.
Volume Analysis:
An uptick in trading volume at these support levels could be indicative of accumulation, signaling strengthening conviction among buyers and setting...
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....
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...
📊 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...
--Breakout stock
--Fundamentally best
--Gets RBI's final approval for payment aggregator
--Target- 45/56/64
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time...
*for educational purpose only.
Stock is showing more strength.
Monthly RSI is above 60 mean that stock is in long term uptrend.
Volume is also increasing.
Firstly has reduced debt.
Stock is given Good Breakout on Daily and Monthly Time Frame with Huge Volume.
Above 29.50 Looks Good for Long.
Support Zone is 25.70-26 and Stop Loss Below from Support zone on Daily Closing Basis.
-in this kind of market its holding strong
-high volume from last few months
-rise in rsi shows strength
-trend breakout and now near resistance
-keep in radar it can easily double in next few months
-my target is 100
I 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...
After a long consolidation and better performance fundamental wise, INFIBEAM is in the form to breakout and sustain above 20 above. We can expect double triple returns as per the strength and buyers interest. You can consider new entry after retest.
Paytm loss can be potential benefit for this share because this is working same line and doing lot of Investment wait for retest if found 5-6 percent down then suit spot for entry
INFIBEAM
1) Time Frame - Monthly.
2) The Stock has been in a consolidation zone / Downtrend since 2018 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) INFIBEAM may reach its previous Life Time High (50.50) in the Long Term.
4) Recommendation - Strong Buy
--stock is trading in a crucial stage
--taken support
--expecting good Q2 result
--upside potential 26
--big buyers volume
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and...
