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IFCI Found a strong support @ 23,1 .
RSI value is 35 indicating oversold.
Long Position @ Current Level
Target @ 25.95
SL @ 21.1
MARUTI now at rising TL Support break down below 5790 can take it till 5650-5600 zone
Having strong resistance at 5960-5975 (Double Top in lower TF)
After a weak monthly sales number look good to short below TL or at 5870 zone
Nifty has formed the 3 drives pattern and try to reverse from this short time downtrend movement. Symmetry is the key to this pattern. Let's see how it works in coming days.
The stock has formed a channel at the bottom and gave the breakout so a trend reversal long trade is available at good risk to reward ratio.
Probably, SBI chart is self-explanatory, if you need any specific explanation leave a comment below.
Happy Trading !