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INFIBEAM AVENUES LIMITEDINFIBEAM AVENUES LIMITEDINFIBEAM AVENUES LIMITED

INFIBEAM AVENUES LIMITED

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INFIBEAM trade ideas

H&S Breakdown can lead Infibeam lowerOn the daily charts, Infibeam had been showing some strength lately, with higher bottoms and higher tops, and looked all set to break above its recent highs of 58. But in the last 2 days, a sharp downtick has led to some negativity in the charts. Infibeam has closed below its 20DMA and there seems to be a Head & Shoulders breakdown on the hourly charts. In case Infibeam is unable to sustain above this neckline, this breakdown can first test the 48-48.50 support and - if that gives away - then low 40s. If you're trading short on the basis of this H&S Breakdown, keep your SL above the breakdown candle.
NSE:INFIBEAMShort
by OmniFinServ
Infibeam Bullish DivergenceInfibeam Avenues Limited is an Indian company that offers digital payments, e-commerce software and internet services. The company was founded in 2007 and is headquartered in Ahmedabad, India. In 2019, its consumer ecommerce website Infibeam.com was acquired by Suvidhaa Infoserve and now operates as Suvideals.ooo. Infibeam has offices in Ahmedabad, Delhi, Mumbai and Bengaluru. The company became India's first E-commerce company to file an IPO, in July 2015. Go Long for TGT 100+ Timeframe 3-6 month
NSE:INFIBEAMLong
by ChaiwithAnoop