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profitpujari
Nov 13, 2023 4:04 PM

#IFCI LONG TRADE IDEA SETUP  Long

IFCI LTDNSE

Description

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
Comments
contactash85
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
@contactash85, hi ash, i will make a fresh setup again today :)
contactash85
Approximately How long should we wait for the break out to happen ? Thank you
profitpujari
@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
contactash85
@profitpujari, thank you very much friend
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