IFB INDUSTRIES LTD
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Breakout of triangle

112
IFB has just BO'd from a wedge like pattern..targets marked. This is a small cap. Tread with caution. DO your own research.This is an idea. One important thing - it is trading above the 200 EMA ( marked in red) which is a always an important moving average which even institutions and fund houses look at.
Nota
up 9.5%...the upper circuit today is 1123...intermediate target 1039. Let's see.
Nota
It has moved almost 18% now..today reached 1220 before pulling back. Target 2 was achieved...If it crosses 1187 with good volume next target is 1263. Cheers
Nota
30% move since posting this chart...it has shot up 8.5% today...CMP 1290

Penafian

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