Greetings Folks, today I have prepared a setup of IFCI on NSE the analysis is as follows- - The price broke past the previous higher high - now the price is spectating in a minor, just above the breakout area - the most immediate minor high failed to break past the previous minor high indicating temporary weakness - it would be better if the price would consolidate sometime in this minor range and then breakout don't play with fire, always use a predefined stoploss
Sorry to bother u friend .. Till what level will it go down so that I can buy more ? Also what's your target price from current levels? Thanks again
profitpujari
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@contactash85, hi ash, i will make a fresh setup again today :)
contactash85
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Approximately How long should we wait for the break out to happen ? Thank you
profitpujari
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@contactash85, hi ash, a good breakout is accompanied with good volume i usually hope for good breakouts near expiries bcoz they are the most volatile days but in this case market got consolidated, so i would wait for 1-2 days more