IFB Industries is a Fundamentally Strong stock, but despite all fundamentals every stock has its Rise and faces its Correction. IFB has been forming a Big Cup & Handle Pattern on Monthly Level since 2017 - yes almost 7 years of forming a Bullish Pattern.
Finally IFB has decided to Breakout and Blast. It has broken out of the Cup & Handle on Monthly and while doing so, it has also formed and Broken out of a Fresh Rounding Bottom Pattern on Weekly above 1130
Now Targets are 1560, 1990, 2800, and Long Term 4000++. The time has finally come for this lagger to move - This is NOT the time to Book Profits / Exit the stock because you Gave up mentally waiting for this BO to happen. Keep holding your winner. It will go miles from here
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
Finally IFB has decided to Breakout and Blast. It has broken out of the Cup & Handle on Monthly and while doing so, it has also formed and Broken out of a Fresh Rounding Bottom Pattern on Weekly above 1130
Now Targets are 1560, 1990, 2800, and Long Term 4000++. The time has finally come for this lagger to move - This is NOT the time to Book Profits / Exit the stock because you Gave up mentally waiting for this BO to happen. Keep holding your winner. It will go miles from here
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
