IFCI cmp 30.30.
I have been watching this stock since dec 2016 because In december i felt that it is reversing its longterm consolidation and I was waiting for confirmation and today it has started its monster rally in style and gave me the clear confirmation.
23.95 should act as strict SL for this stock on longterm basis.SInce it has been consolidating for 9 years the breakout should be a powerful one and we should witness some super moves in this stock.Expected levels as 44.45 / 49.4 / 80.5. These are very conservative target levels based on previous swing highs. We can assess the real targets as time goes by.
I shall post the chart later
I have been watching this stock since dec 2016 because In december i felt that it is reversing its longterm consolidation and I was waiting for confirmation and today it has started its monster rally in style and gave me the clear confirmation.
23.95 should act as strict SL for this stock on longterm basis.SInce it has been consolidating for 9 years the breakout should be a powerful one and we should witness some super moves in this stock.Expected levels as 44.45 / 49.4 / 80.5. These are very conservative target levels based on previous swing highs. We can assess the real targets as time goes by.
I shall post the chart later
Ifci
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