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Friday, October 24, 2014


IFB AGRO INDUSTRIES

The share is traded above 50,100 and 200 dma and share is suitable for darvas trading method.
adx is in trending zone plus di is above minus di.. obv indicating accumulation in the stock. it is performing better than nifty. all momentum indicators are showing upward trend. Voume and  volatility indicators are also indicating strength.

CONCLUSION: I PREFER TO BUY THIS BETWEEN 355 AND 380 AND HAVE INITIAL STOP LOSS AT 263 AND BOOK PROFIT OR EXIT WHEN STOCK CROSSED DOWN BELOW FOUR DAYS LOW
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