SWING TRADE: IFCI, moving in cup and handle pattern, buy if close above 14.1.
Positional Trade: IFCI has taken support at 10.30 and momentum suggests it would revisit the highs at 16. By: IFCI CMP: 13.80 Target: 16 Stop Loss: 12.90
Keep an eye for IFCI to break this falling trend line on a monthly chart. It could be a slow burn . Just keep an eye and only enter if the price closes above the trend line on a daily chart.
( 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 .
short IFCI aroud 14.20 with sl 15 and first target of 13 ....then 12
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
IFCI nice accumulation is on. Abv 30 can head to 40-45 in short term.
IFCI Found a strong support @ 23,1 . RSI value is 35 indicating oversold. Long Position @ Current Level Target @ 25.95 SL @ 21.1
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.
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.