IFB Industries: 48% upmove possible➡️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
2.45INR
149.4MINR
41.95BINR
7.055M
About IFB INDUSTRIES LTD
Sector
Industry
CEO
Bikramjit Nag
Website
Headquarters
Kolkata
Employees (FY)
5.098K
Founded
1974
ISIN
INE559A01017
IFB Industries Ltd. engages in the manufacture of home appliances, parts, and accessories for motor vehicles. It operates through the following segments: Engineering, Home Appliances, Motor, and Steel. The Engineering segment manufactures parts and accessories for motor vehicles. The Home Appliances segment is involved in the sale of washing machines, dryers, microwave ovens, dishwashers, air conditioners, and accessories and additives. The company was founded on September 12, 1974 and is headquartered in Kolkata, India.
IFBIND is ready to give 25% Profit as you can see flag & pole pattern in chart , various indicators also supporting and most importantly it has consolidated very long .
IFB Industries- Paisa double opportunity. 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
IFBIND - Worth Tracking for Entry3-4 green candles on weekly, breakout with volume confirmation and worth tracking for next support formation for better R/R
IFB Cup & handle breakoutPurely 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
IFB INDUSTRIES looks good for LONG POSITION 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.
IFBIND - Weekly AnalysisIn 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 TradeIFBIND | Ascending Triangle Breakout | Swing Trade
chart analysis - Ascending Triangle Breakout
BULLISH CHANNEL ALERT📈 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, an
target - 1500triangular pattern.... mostly will not break the support range of 800-870
targets given upto previous high
See all ideas
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