( make a eye on IFCI. Its an analysis only and ask your financial advisor before taking any trade.)
IFCI is looking good at this point. As you can see its at a support zone and chances are very high that its go up from here after some consolidation.
So above 13.00 it can break its high of 16.00 .
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
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.