IFB Industries: a good short term holding stock

IFB Industries: IFB Industries Limited is engaged in engineering and manufacturing of diverse parts and accessories for motor vehicles. The Company is also engaged in the business of manufacturing and trading of home appliances, and manufacturing of fine blanking components. Its segments include Engineering and Home Appliances.

If you see at the chart it’s showing Bolinger Bands ( technical Indicator) Expanding that’s means it will continue to run towards north side, That’s a Weekly chart so don’t confuse it with day chart.

CMP is 640 Buy between 630–645 Level, We can see level of 780–840 level in next 4–6 months

Still If you are not convinced I have another Technical Indicator called Parabolic SAR that’s for confirming that the stock trend will remain the same or it will reverse. Here SAR means Stop and Reverse, As in Below chart you see that there are dots in above or in below candles that’s for understanding the trend of a Share price, If Dots are below the candle sticks that’s means stock trend is up and If dots are above the candle sticks that means it show downtrend in particular share price. One more important thing here we have to see is the distance between dots, If distance is same that’s means stock is consolidation and if there is some variance in that, it means stock is picking up speed ( dots below candle stick denotes uptrend) and can go upward direction in near future, like it happening in IFB chart. ( It’s a Weekly chart).

I think that’s enough for this stock, Invest safe and earn money.

As questioner said “NO Recommendation” I’m am not Charging anything from anyone, Just helping people to invest in safe asset because as a retail investor i had seen how brokers trap new investors just for gaining brokerage they put investors hard money in risky asset.

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