IFCI
IFCI 100% drawdown completeGo 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
IFCI on it way to 40-45 short term..IFCI nice accumulation is on. Abv 30 can head to 40-45 in short term.
IFCI @ Near term Reversal IFCI Found a strong support @ 23,1 .
RSI value is 35 indicating oversold.
Long Position @ Current Level
Target @ 25.95
SL @ 21.1
IFCI: Setting Up for A Rally 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.
IFCI (Industrial Finance Corp. of India) Investment Call !!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.
