Its a flag pattern breakout, it may go to 238/39.
once it will cross above 239.20 then it would be a new breakout..
put a strict SL at 229 as it looks like a manipulated stock....Be careful
Entered on 10 Jul 18 on 154.75 with a stop loss at 149.05
TSL - update on 17 Jul 18 from 149.05 to 153.10
TSL - update on 02 Aug 18 from 153.1 to 175.2
TSL - update on 8 Aug 18 from 175.2 to 183.15
Current Trailing Stop loss = 183.15
In case of hitting stop loss confirmed profit of 28.4 points
Entered on 20 Jul 18 on 162.3 with a stop loss at 153.1
TSL -1.72% - update on 02 Aug 18 from 153.1 to 175.2
TSL -1.72% - update on 8 Aug 18 from 175.2 to 183.15
Current Trailing Stop loss = 183.15
In case of hitting stop loss confirmed profit of 20.85 points
Entered on 20 July 18 on 162.30 with a stop loss at 153.10
TSL 0.00% 0.00% 0.00% 0.00% 0.00% update on 03 Aug 18 from 153.10 to 175.50
TSL 0.00% 0.00% 0.00% 0.00% 0.00% update on 08 Aug 18 from 175.50 to 183.15
Current Trailing Stop Loss: 183.15
In case of hitting Stop Loss confirmed profit: 20.85
Entered on 13 Jul 18 on 162.25 with a stop loss at 150.10
TSL 0.00% 0.00% 0.00% update on 16 Jul 18 from 150.10 to 153
TSL 0.00% 0.00% 0.00% update on 02 Aug 18 from 153 to 175.60
TSL 0.00% 0.00% 0.00% update on 07 Aug 18 from 175.60 to 183.80
Current Trailing Stop Loss: 183.80
In case of hitting Stop Loss confirmed profit: 21.55
Chart Pattern near ATH (All time High)
Three White Soldiers (with decreasing volume) = BEARISH
Wait to see what happens on Monday then initiate the trade
according to the movement. Stock is expected to be volatile.
INFIBEAM has been moving in a sharp up channel. Made lifetime highs in Nov and a big arc in 6 months, retesting the lifetime highs again. Awaiting a breakout or reversal.
Infibeam is Trading Above 50 DMA Today, it has touched Upper Band of Bollinger Band on Daily Chart and its Lower Band on Weekly Chart has turned Upward, because of which I feel it is looking good for the Target of RS. 170 in coming Days
It has been observed that the price action facing strong resistance between 162-165 zone, indicating further weakness till the price action reaches to near support zone.
T1- 152
T2- 146
SL- 162
Beautiful Flag Pattern in making..
A Close above 170 will give confirmation of Breakout..
Targets will be 220+
Stoploss will be 160 on Closing Basis..
So, Risk of just 5.50 Points from here
