IFCI TECHNICAL VIEW VOLUME ACTION BIG PLAYER GAMEThe IFCI stock technical indicator or show the short patterns very very bullish the stocks are create long term downtrend cross the channel and good volume actions another one is create cup and handle pattern this type of pattern is very very bullish and volume actions are very attractive this price are entry and big plyer they accumulation Jones ₹16 to ₹25 they can break 33 rupees price can be moved 100 target very easily two or three months these are only four bullish in technical parameter the fundamentals are not good but this types of company fundamentals are change after that price movement and possible for the big announcement income to price move 100 after that Public sector industrial finance corporation stocks the India are change in industrial revolutions for game changers in the stocks they are very potential for grow the Indian gdp and economy so they are good performer and very good return for the investor
IFCI trade ideas
IFCI on Weekly TFIFCI looks bullish on daily, weekly and monthly timeframe. It is making rounding bottom which recently touched its resistance with humongous volume like we can see back in 2007. It has already broken the resistance levels with volume. If you see price goes up and retrace back to touch the support level, it would be a good entry point. It may also retrace back from its resistance to form a cup and handle pattern.
RSI : Above 60 on daily, monthly and weekly time frame
IFCI Breakout trade set up1. Trend - Turned bullish with this week breakout
2. Breakout - Strong
3. Strength - Very strong with 37% move in a week
4. Entry is volatile, if price come for a retest.
5. Keep in radar if on daily a fresh breakout comes, after a range formation of 7 days to 10 days minimum.
IFCIIFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector
Has given a BO of the long term trendline and looks good to make an upward rally as the fundamentals are getting better(losses are being reduced)
40 months of uptrend and almost 40 months of consolidation being done
ifciAt the time of independence in 1947, the Indian Capital Markets were relatively less developed. The demand for capital was growing rapidly, however there was a dearth of providers of capital. The commercial banks that existed were not equipped well enough to provide for long term capital needs in any significant manner. Against this backdrop and to bridge the demand supply gap for capital needs of the economy, the Government of India established The Industrial Finance Corporation of India (IFCI) on July 1, 1948 by way of an IFC Act 1948.
IFCI was the first Development Financial Institution of India set up to propel economic growth through development of infrastructure and industry. Since then, IFCI has contributed significantly to the economy through its incessant support to projects in all the three spheres of growth & development - manufacturing, infrastructure & services and agriculture allied sectors. The Liberalisation of the Indian Economy in 1991 made significant changes in the Indian Capital Markets & Financial System. To aid raising of funds directly through capital markets, the constitution of IFCI was changed from a statutory corporation to a company under the Indian Companies Act, 1956. Subsequently, the name of the company was changed to ‘IFCI Limited’ with effect from October 1999.
IFCI LongStock has closed above 50DMA today at 16.53.
Such breakouts in November 2017 and July 2017 resulted in a big upmove...
Trade :
Buy IFCI at CMP
SL below 10DMA at 15.90
Target towards 100DMA of 18.25 and 200DMA at 20.60
Can be achieved in August - September series.
Disclosure: For educational purposes.
IFCI LongBreak of 100DMA today!
Break of 100DMA in the past has often resulted in big upmoves in IFCI ...past occurrences in October 2017 and December 2017...
Trade idea:
Buy at CMP
Target towards 200DMA of 20.60 and target 2 of 22
Stop loss below 100 dma of 16.00
Attractive Risk-reward ...can consider long via options