Double bullish pattern formation
1. Cup & Handle
2. Inverted Head & Shoulder
Big target coming soon price will surely go upto 75 Rs .
This is for educational purpose only.
A good breakout of pole and flag in infibeam can give a sharp upmove from here a individual should keep a stop loss off 49.50 for the targets of 57-60-65-70
*ALWAYS TRADE WITH PROPER RISK MANAGEMENT
Has broken out of the falling trend line with increased volumes. Looking good for 56. If it breaks 56 , we can see newer highs.. Keep an Eye. For educational purpose only
1. In weekly time frame 45-50 is a major resistance so once it will break and retest to 50 can make long position
2. As it touch that resistance zone multiple times so chances are very high to break that zone
3. Volumes are also good in buying side
4. Target u can expect 73-80
Infibeam Avenues.
Chart Analysis for you to track.
Note - This is purely for educational purpose.
I don't provide paid calls or stock tips.
And that's why -
- No SL
- No Target
- Just a picture depicting the story.
Use it, if it's Insightful. Ignore otherwise.
#stocks #trading
Could reach to 122 then 138 in near term if 96 level remain intact on closing basis.
Pros: Company has declared 1:1 bonus for which record date is yet to announce. Company is likely to make a big deal with Reliance Industries.
