Ittefaq Iron Industries Limited
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ITTEFAQ Inverted Head & Shoulder Pattern

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At present, the price is at right shoulder in the formation of inverted head and shoulder pattern. Based on this technical analysis, the current setup of this stock appears to offer a favorable buying opportunity at 6.60. On completion of the said pattern can lead the price towards 9 rupees. Use stop loss below 6 to manage risk as the pattern breaks if it breaks 6 rupees.

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