Infibeam - purely technical pick

2023년 5월 14일

I usually don't suggest penny stocks. However, I found the chart of a Nifty500 stock, Infibeam vey interesting!
We have a beautiful positive RSI divergence currently in weekly time frame.
If you observe the chart, a similar divergence is visible near the previous low of 7-8 after which it rallied upto 28.
It can be a good positional trade between 12.5 and CMP for targets of 17.5, 19.35 and SL below 11.15 DCB.

Please note that this idea is shared only for educational purposes and should not be taken as a recommendation. Kindly trade as per your own analysis.

2023년 9월 11일

노트

Trendline breakout done! Target 1 crossed.

2023년 12월 14일

노트

23 done.
50% returns

2024년 1월 24일

노트

Above 28, we can expect 40+ in this stock

2024년 1월 27일

노트

Stock has given weekly closing above 28. Keep in watchlist. 2x returns from entry done.

2024년 1월 29일

노트

20% up today.That's the power of weekly breakouts!

2024년 2월 1일

노트

As expected , 40 done(Day high). Book your profits and hold free shares for longterm.