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Last Updated : Aug 10, 2018 08:14 AM IST | Source: Moneycontrol.com

Buy Infibeam Incorporation, target Rs 211: Hadrien Mendonca

We expect, Infibeam to rally towards its potential target of Rs 211 in the medium-term, says Hadrien Mendonca of IIFL.

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Hadrien Mendonca

IIFL

Infibeam Incorporation has been consolidating in a trading band since November 2017 and has finally broken out from a continuation pattern on the weekly chart.

Rising volumes, relative strength above the 60 mark and positive crossovers observed in other oscillators further accentuate our bullish stance on the stock. We expect, Infibeam to rally towards its potential target of Rs 211 in the medium-term.

Disclaimer: The author is a Senior Technical Analyst, IIFL. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Aug 10, 2018 08:14 am
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