IFCI on Hourly chart seen some bullish indicators stock corrected from 19 sub level to 14.50 and trend reversal clearly seen on chart now cmp @15.65 level . can buy positional at 15.50 to 15.70 This level for positional 7-8 days target 17-18 ... projected profit margin can be 10-15% from cmp.
Technical indicators . 1. TREND REVERSAL SEEN 20,50 sma bullish crossover whereas 200 SMA at Downside support & moving upword direction. 2. Bullish ABCD pattern form ..from reversal point A, higher top higher bottom formation seen on chart POTENTIAL UPSIDE TARGET IS POINT D. 3. RSI(14) At mid range 56.2 4. MACD (12,26,9) VALUE 0.8 above center
Buy IFCI @ 15.50-15.70 Target 17-18 (7-8) Days stop loss 14.15
* i Hope this idea will helpful to your study & analysis of this stock. !!
WISH U HAPPY TRADING.!
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IFCI moving up to expectation ..around 5% uptick today till now .!!
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TARGET 1 -17 HIT TODAY.........!!
Trade active
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10% profit today. !! well done.
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close at upper circuit 10% ..NSE .!!
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circuit open .!!
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IFCI made high today 17.90 just .10 bellow last target 18.. and corrected from that level so last target almost hit. ! after correction its comes around 16.70 due to profit booking ...now at 20 SMA support hourly chart ..can bounce back this level again.!
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at correction mode after hit resistance ...around 18. correction can continue till 15.80 where trend line support ..those who miss earlier rally can take position around 15.60-15.80 level .