1. Infibeam Avenues posted spectacular set of numbers in Q1 (net profit jumped Q_Q 28%, Y-Y jump of 208%)
2. On the back of its numbers it is clearly in uptrend.
3. On 1 month time frame, it has broken out of box channel and retested the resistance line.
4. Now it should resume its up move
5. Target-1 of 36.02, target-2 of 39.06 and final target of 42.39 in short to medium term with a stop loss of Rs 30.00
6. Above analysis is for educational purpose only/ it is not a buy or sell recommendation.
2. On the back of its numbers it is clearly in uptrend.
3. On 1 month time frame, it has broken out of box channel and retested the resistance line.
4. Now it should resume its up move
5. Target-1 of 36.02, target-2 of 39.06 and final target of 42.39 in short to medium term with a stop loss of Rs 30.00
6. Above analysis is for educational purpose only/ it is not a buy or sell recommendation.
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