Breakout is looking really good. I'm dibbling in here with a few shares. Will add more in the coming days.
Use 700 to 695 as stop loss.
Target 1 : 763
Target 2 : 808
Target 3: 850+ if the next quarter results turn out to be good. A very high chance given sep is usually its best quarter.
If the price goes back to congestion area of 689 or below on 2 consecutive...
Infibeam showing good signs of a breakout. 48.5 seems to be immediate resistance but if thats taken out it should be a free run from there.
Broke the 200 day ema as well.
On the one hour candle we are seeing a beautiful cup and handle as well, just confirming our theory of breakout in the making.
I took a small position now, plan to load more after it crosses 48.5.
