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!
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.
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. LIKE / Comment /Share , If useful & enriched your knowledge. With warm regards. DSKF16.
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.
IMFA is supporting a PF' channel having a resistance around 570 Keep a Strict stop loss @ 400
Looking reversal and can go 692 very quick