techtrail
Long

IFCI: Setting Up for A Rally

NSE:IFCI   INDUSTRL FIN(IFCI)
107 2 5
Price seems to be setting up nicely for a rally. It has to clear a few resistance though. Sort out those levels and plan a trade accordingly. Worth having this one in watchlist.
Considering equity dilution by Govt the adjusted price tgt would be 60/-
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Watch resistances around 32,37, 40..& I m sure by 40 all weak hands would be out of the system
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