NSE:IFBIND
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
NSE:IFBIND
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
IFB : this would be the third breakout attempt in last 5 -6 years
Stock is in strong uptrend and the strength seemingly suggest a strong upmove likely in short to medium term perspective
stock is up by almost 50% in two months suggest the strength and outperformance
support at 1270-1240 area while with the intensity of this breakout in consideration , can test...
IFB Industries on a longer term has formed a Big Flag Pole pattern and Cup and Handle Pattern.
After the Flag BO, it is creating newer patterns - Watch from Right to Left - as the stock increases it is creating Fresh Rounding Bottom patterns at each step - each Cup (Rounding Bottom) bigger than the previous one causing bigger upside Targets
Targets
1) 1500
2)...
Already gave breakiut with big strong green body candle on monthly timeframe, bouncing back from 50 EMA.
Crossed resistance and trendline, fresh volume incoming from past few months.
Stock name = Ifb Industries Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score = B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
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...
Price reverse from Multiyear Support in Monthly chart and also break from weekly down trend channel and if we look at price action high probability price continue its up move and in this case latest swing low act as a exit point in weekly time frame .
Ifb industry has given a break out with strong volumes
Stock has given breakout of 200 day ema and trend line breakout.
Further there is 9 month 11 month high made as the stock on closing basis made 1084 when 1081 was its very strong resistance
CAN FACE RESISTANCE AT 1250 LEVELS
Only for Educational Purpose
Products :
Home Appliances Division (82% of revenue) - covers both the domestic appliance and industrial application categories and includes washing machines, domestic and industrial dishwashers, etc.
Engineering Division (17% revenue contribution) includes a product range of fine-blanked components, tools, and related machine tools like straighteners, strip...
IFB has just BO'd from a wedge like pattern..targets marked. This is a small cap. Tread with caution. DO your own research.This is an idea. One important thing - it is trading above the 200 EMA ( marked in red) which is a always an important moving average which even institutions and fund houses look at.
This stock is forming a clear cup & handle pattern and we can enter in it after breakout of handle.
Entry :1070
Target 1 (Few days) : 1186
Target 2 (Few weeks) : 1456
SL : 995
