Scrip can be entered for SHORT post confirmation as it can attract selling pressure after posting unpleasant results --
Enter below 635
TP - 628, 620, 600, 570, 550
MACD Short term average has already gone below long term average...
All mentioned on Chart.
Go Long: In Between @ 544 to @ 553
Target / SL/ Best BUY (more BUY) on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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With warm regards.
IMFA is an investment cadre stock.
It is forming Cup and Handle pattern.
Handle break out has occurred at 61.8% swing retracement.
If the pattern is correct and we measure the target it can give roughly 700 points from the handle break-out.
Target comes around 1100 level.
Kindly confirm at your end before investing your valuable money.