Ittefaq Iron is forming a clean ABCD bullish continuation pattern.
BC retraced to the 50% fib, and volume confirms the structure —
63M volume at B (impulse) vs only 3-4M at C (weak pullback).
Targets:
D1 (AB=CD): 16.15
D2 (1.618 Fib Ext): 20.57
Low-volume correction + breakout from multi-year resistance increases the probability of a strong CD leg.
Invalidation: Break below C (≈8.89)
BC retraced to the 50% fib, and volume confirms the structure —
63M volume at B (impulse) vs only 3-4M at C (weak pullback).
Targets:
D1 (AB=CD): 16.15
D2 (1.618 Fib Ext): 20.57
Low-volume correction + breakout from multi-year resistance increases the probability of a strong CD leg.
Invalidation: Break below C (≈8.89)
Note
sorry 13M volume at C
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.