1. Resistance Zone breakout 2. Volumes pick up 3. Consolidation at resistance before breakout
Using multiple confirmations, different timeframes and by applying rules of price action over a chart let's one understand HOW THE PRICE BEHAVES! Here is an example of buying a stock at the lows (Disclaimer: NOT THE ABSOLUTE LOWS) Let's start with a Higher TF- Weekly' The stock is in a formation of a price action pattern called CUP & HANDLE, where CUP is...
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IFB Industries long Trade. The box pattern is broken today. You can find the flag pattern too. IFB Industries have good fundamentals and now technically looks strong. The targets are 1450 and 1650. Target 1: 1450 (In 40 days or might be in this next week) Target 2: 1650 (In 60 days) Happy Trading!
Buy above trendline Buy above trendline Buy above trendline
IFBIND | Flag pattern - Looks potential for 22% CMP : 1181 SL : 1120 Target : 1400, 1450 1:4 risk reward setup Second opportunity to accumulate.
Price - 1179.85 Dt. - 08.10.2021 Stock is consolidating near the support line placed at 1168.70. It tried to break this level twice before breaking successfully with higher than average volume. Stock is consolidating for the last 4 weeks and it looks like the stock is ready to resume the uptrend. RSI is strong and stock is above 21 DEMA and 50 DEMA.
IFB will soon touch 1500+ , double bottom W pattern aided by volume
IFBIND Daily: Looks good for Swing above 1102 1) Trendline Breakout with huge volumes. 2) Risky traders may enter at CMP, safe traders wait for closing above trigger price 1102. 3) Target 1 - 1172, Target 2 - 1238
Good that its consolidating above resistance. Needs a Breakout of recent high. Swing Trade above 1250 Sl 1140 May move in 1400+ zonesh
Good to go long above 1240 HCB.. Details on the chart..
Double Bottom High volumes near neckline breakout pattern target 1500+ Stoploss - 1120 daily closing Relative Strength above 0 in daily tf Disclaimer: Educational view
Kindly note that this is not a recommendation. Please consult your financial advisor before investing.
W Pattern on Weekly Time frame Great Set up Looks Bullish High Volumes SL 1020s level Target 1410s Level
BUY 1220-1230 TARGET 1270 SL 1120-DKM SIR when it cross the level of 1237 then we can achieved our target
The stock is trying to break the major resistance zone with good volume. It has a potential to move much higher if it crosses 1240 Refer chart for levels
Reasons for trade : 1) A double bottom spread over 3 months. 2) Price breakout of downtrend with simultaneous volume breakout on 2nd Sep'21. 3) Price sustaining above 200MA 4) A low-risk setup of 2.5 RR Buy above 1144.3 | Targets 1431 | SL 1030.
Broke the trendline with good volumes and bullish divergence. can enter now or after retest