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.
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.
הערה:
Trendline breakout done! Target 1 crossed.
הערה:
23 done.
50% returns
50% returns
הערה:
Above 28, we can expect 40+ in this stock
הערה:
Stock has given weekly closing above 28. Keep in watchlist. 2x returns from entry done.
הערה:
20% up today.That's the power of weekly breakouts!
הערה:
As expected , 40 done(Day high). Book your profits and hold free shares for longterm.