INFIBEAM AVENUES LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK :- INFIBEAM AVENUES LTD.

CMP :- 16.10 (09/09/2023)

ABOUT :- Infibeam Avenues is an Indian e-commerce and technology company that offers a range of digital payment solutions and e-commerce services. 

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW 

(CLICK ON ABOVE IMAGE FOR CLEAR CANDLE STICK CHART VIEW )

OBSERVATION :

The stock has created a falling wedge pattern on a weekly time frame & ready for breakout, Once the stock gets breakout of its pattern on weekly time frame & closes above (17.70) levels further we can expect the stock to show good upside momentum coming weeks & months. 

Wait for the stock to gets breakout & closes above its mentioned levels.

Entry price range (17.70 to 18.70)

TARGET :- 22/29/34/39/44

SL :- 10.90

Add this stock to your watchlist to understand further price action.

How does FALLING WEDGE PATTERN WORKS ? CLICK HERE 

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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