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Ifciltd

IFCI - Weekly Chart Analysis, CMP-31Stock coming out of long base. It is sustaining and after forming 9Week base of 23% range it is came out. It is cruising above all its key moving averages. 25-26 shall act as a support. if it close below it then our view stands invalid. 36-44 are the immediate levels which can be tested and if it manages to close above it and sustained over these levels then 80-99 is the main supply zone which can be tested over the long term. Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:IFCILong
by marketmoneymohmaya
#IFCI LONG TRADE IDEA SETUP Greetings Folks, today I have prepared a setup of IFCI on NSE the analysis is as follows- - The price broke past the previous higher high - now the price is spectating in a minor, just above the breakout area - the most immediate minor high failed to break past the previous minor high indicating temporary weakness - it would be better if the price would consolidate sometime in this minor range and then breakout don't play with fire, always use a predefined stoploss
NSE:IFCILong
by profitpujari
5