INFOBEAN broke out from an ascending triangle (cup and handle) consolidation pattern and gave a retest after a very bullish uptrend, suggesting a trend continuation.Breakout volumes are very high, hitting fresh all time highs.
One can enter entire position after price crosses and sustains the psychological 600 levels and hold for 1000 targets.
Shown setup is a Positional Trade. Holding period is anywhere between 1 month to 6 months.
Targets: 650/800/950/1000+
Place a deep sl for this trade below 440 levels.
High risk, high reward, high probability trade.
Script also has good fundamentals, and continues to have demand when the markets are selling off.
Position size accordingly. Gut feeling says this trade is a good bet.
HAPPY TRADING!
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