NSE:INFIBEAM
Kindly note this is not a recommendation and is just my view on the scrip
Buy 19.50
Stop Loss - 16.10
Target 1 (Short Term) - 21.10
Target 2 (Short Term) - 28
Long Term Target - 78/123/168.36/196.15
Impulse move expected.
1. ENTRY - 28.1
2. TARGET1 -34.5
3. TARGET 2 -39.5
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
INFIBEAM MONTHLY CHART
Ellipse breakout @ 29 MOB @ 57-60 Support @ 20
An ellipse breakout witnessed in this stock @ 29 levels. MOB active @ 57-60.
Its only an observation & not any suggestion or recommendation.
INFIBEAM has given a strong breakout on monthly chart with strong volume spike . we can consider this stock at current market price 35 with sl of 25 .
Debt to Equity - 0.00
Company's median sales growth is 37.2% of last 10 years
As per previous chart history and technical analysis along with Fundamental inputs of the stock, it indicates that you can buy or hold your stock for profit in short term as per chart analysis.
Wait for reversal for better entry or Buy and Hold for big profit.
If broken downward, a big bearish trend is seen on the downside chart
All major points & downward...
This price action can be very big for this counter as it was in structural downtrend since its inception nearly 8 years ago.
Major observations include:
1) It is following a 900 day primary cycle. The 4th cycle started around 28th/Aug/2023 with a positive trend.
2) Breaks out of the 8 year downtrend.
3) Looks like first target will be Rs. 29-30. if the price...
In chart wave 1 and 2 are completed, and wave 3 initial stage begin. i have added fibonacci relationship method which is basis of Elliot wave theory. And also we see that there is double bottom patten at the bottom of wave 2. And there is a breakout at around 20. So as per fibonacci relationship guidelines we can estimate the length of third wave. which is...
Greetings Folks,
today I have prepared a setup of INFIBEAM on NSE
the analysis is as follows-
- the price was in uptrend till now
- broke down a dynamic support but hold onto the support zone as mentioned
- now, if the price sustains to hold on this zone, the price may go as depicted, if not then trading will be cancelled
don't play with fire, always use a...
Greetings Folks,
today i have prepared a setup of INFIBEAM on NSE
the analysis is as follows
- price is in a good bullish rally
- dont root for deep retracements, join the herd early as possible
-we will not change our bias before the market shows some bearish structure
dont play with fire, always use a predefined stoploss
