Howdy Everyone, I'm biased today !!! From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but...
Industrial Finance Corp. of India (IFCI) on monthly chart forming a descending triangle. Once it breaks out above 30, it shall be considered as great long-term investment opportunity. Publishing it now to provide you an opportunity in advance, hope you gain something out of it. Regards.
Its a Game between triple restest of support zone & Descending triangle. Whether this support holds & send price back up or descnding triangle breaksdown, let's wait n enter the trade in Reliance. Happy Trading !