IFB Industries : A Good Move Ahead
It's a Good Long weekend, Days like these are the most welcome ones & I also have sometime to pick n choose Mid-cap stocks which are far away from the line we play by. Cutting straight to the subject IFB Industries looks quite promising based on post above, A Good 2-Year Old resistance zone is broken very convincingly with great volume surge compared to previous weeks.
Even before the New high's in 2015 it consolidated for 84 days, Now after 2 years in 2017 , same thing repeats with 105 day consolidation and good breakout at the end of it. What else we can expect in a juicy trade setup ? I believe there is good potential for upside in this stock with 875's as first zone for target & final ones being 970's.
Final Note : I didn't check much of its fundamental, but compared to peers its good, So have a look at it's fundamental & try your own analysis too :)
Let Me know if you have some info on funda's or skewed news items or numbers.
Happy Extended Weekend !
Even before the New high's in 2015 it consolidated for 84 days, Now after 2 years in 2017 , same thing repeats with 105 day consolidation and good breakout at the end of it. What else we can expect in a juicy trade setup ? I believe there is good potential for upside in this stock with 875's as first zone for target & final ones being 970's.
Final Note : I didn't check much of its fundamental, but compared to peers its good, So have a look at it's fundamental & try your own analysis too :)
Let Me know if you have some info on funda's or skewed news items or numbers.
Happy Extended Weekend !
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