Infibeam Incorporation Ltd on a daily chart stock
price is making higher high pattern, with increase in volumes. Also, we
witnessed stock price is trading above the 20 DMA, indicate stock is well
placed above the support level. On intraday 60-minutes chart price has given
the breakout of ascending triangle pattern at Rs. 970, indicate stock price can
rally towards previous high swings.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 974 for the target of Rs. 1080 levels, with Rs 930 stop
loss on closing basis.
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