Forming a descending triangle pattern in uptrend, Breakout from pattern,
weekly - took support at 50EMA Daily - Took support at support line. Good breakout with volumes. Change in structure from LL to LH to HH. Target = 1499 INR SL = 905 INR RR is good.
Looks good for 1 to 3 months Possibility of a good upside
SUPPORT OF 200 EMA AND TREND REVERSAL SEEN IN CHART.
IFB EQUITY levels ...17/06/2021 (D candle)
IFBIND Trendline Breakout and Closing above UBB shows strong Bullish momentum.
buy because 1. trend in still long side 2. weekly doji formed near weekly support 3.retrace till 62% from above sl close below 38% retracement level on weekly basis tgt 1500
FB Industries Ltd. is currently operating in two segments, manufacturing of fine blank components and manufacturing and marketing of consumer durable goods. IFB manufactures fine blanking components for two-wheelers, four-wheelers, heavy vehicles and electricals OEMs, with an established brand presence and diversified product portfolio of front load washing...
It Could Take support around 900 - 920 Range and bounce back.
Go long on this with Tim stop loss Likely to BO Target 1290
IFB - Breaking out of 16 month on weekly, followed by a retest. Front Load it. This is getting ready to SPIN for few months joyride with RSI above 60. DISC: Not a SEBI Registered. I post charts for my own study.
As said above 800 is very bullish, Ifb broke out of the falling wedge and now at a previous high resistance 994.. a break above this is needed
Told IFB Is amazing above 800 .. Still More Upside Lovely Chart and Beautiful Breakout.
IFB is forming ascending wedge should breakout either way but 800 is a strong support.. lets see what happens
ifbinds sector home tools sector- bullish neutral consolidation- done 2 weeks breakout - done w pattern bo 200 ema-rising 15 RS - strong yes volume- heavy b bo level 640 buy level 646 buy date 6.10.20 bo day close 647