Short Term Delivery Call
IBVENTURE
Strong Buy Above 410 Stoploss 389 Target 425---445---515
Graphical Presentation :
Technical Presentation :
On Daily chart the counter had been in a very deep correction from September 2018 till date. If we draw a Fibonacci Retracement from recent low of 324 to recent top of 819 than 38% Retracement come at 513 which should be touch in coming days as per the study if it hold the low price. Also the counter has recently this week tried to breakout from bottom level with increase in volume so we can presume that in coming days it should resume its upward movement and should give bounce back to our suggested target zone.
