IFB Cup & handle breakout

18 nov. 2023

Purely technical view for educational purposes only

IFB is one of the leading brands of electrical appliances.
Stock has given Cup & handle breakout with volumes.
Good stock for positional targets of 1330, 1480.
SL is below 850 WCB.
Try to accumlate in range of 960-980 for better risk reward ratio.

Breakout reason is company has declared good Q2 2024 results.

3 janv.

Transaction en cours

stock has retested breakout and showing strength.

24 janv.

Note

Massive move seen today.

29 janv.

Note

1328 high made. Almost T1 achieved!Stock is now charged up for ATH

4 avr.

Note

New ATH made by stock as expected.
1600 from 1000

17 mai

Trade fermée: cible de profit atteinte