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Support 220, target 330.
Sell for 299-281 sl 316
1. No open position
2. Educational purpose only
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 ...
After a Short Term Correction this stock is getting ready to get on the Up Trend! Look out for the Target of 700 to 750 after the Cup and handle Breakout!
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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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.
With fine fundamentals, it has taken a support at 0.618 Fibonacci retracement level. Low volumes.
A minor resistance in 580-590 band. Crossing this band may take it north towards 840-850 levels.
IMFA is supporting a PF' channel having a resistance around 570
Keep a Strict stop loss @ 400