bbjha9799

bbjha9799

For short term, technical chart indicating a break out/ breakdown. But considering positive news flows it should break out for a short term target of Rs. 3106. Keep a stoploss at Rs. 2990. RSI is also showing mildly bulling trend above 50. Above views are only for observation and educational purpose.

bbjha9799

1. Infibeam Avenues posted spectacular set of numbers in Q1 (net profit jumped Q_Q 28%, Y-Y jump of 208%) 2. On the back of its numbers it is clearly in uptrend. 3. On 1 month time frame, it has broken out of box channel and retested the resistance line. 4. Now it should resume its up move 5. Target-1 of 36.02, target-2 of 39.06 and final target of 42.39 in...

bbjha9799

INFIBEAM AVENUE getting ready for upmove above Rs. 33.30. After breakout from Rs. 25 to 42 level it has consolidated and now formed a base. Going by the volume pattern it seems that distribution phaseis almost overnow. Once it breaks out Rs. 33.3 level we will get the first target of 39 in short term and second target of Rs 49 in mediam term. Keep it on watch.

bbjha9799

1. WIPRO has completed Cup & Handle pattern successfully. 2. Wait for Break out above Rs.550. 3. Recently we have seen increased volume also. 4. Trading above 30 EMA on weekly timeframe. 5. One can enter on break out above Rs. 550 (at own risk) for a target of Rs. 721 within 3 - 4 months time. 6. Keep a strict stop loss at Rs 525 after which short term trend...