The share has increased from 1900 to 2400 in the past 1.5 month (i.e. a whopping growth of 30%+)
SHORT BELOW 2270
The share is primarily because of below mentioned reasons :
1. Broke trend line which indicates fall.
2. Crucial Fibonacci Support at 2228. If it breaks, Free fall.
3. Reversed from overbought levels as per Stochastic Oscillator, due correction ...
Go long in IFCI.
As per Fibonacci analysis, it has shown 100% drawdown wrt previous fall and has maintained to close above 0.3 fibs ratio.
Expect further upside to 26.3 levels in 3-4 trading sessions with a SL of 25.1