NSE:IFCI buy initiate for 28 Nov 2018 using 1 hour chart based on Fibonacci levels, check below Sell level : Buy Above : 14.65 Stop Loss : 13.9 Target : 15.3
Stock 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.
Break 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
Volume & Price Action since last few months looks bullish forming an Ascending structure. Go long as delivery swing trade with SL 27.6 for target 42
To me it looks good, because the SL is only a few Bucks and I can take the hit if it goes wrong. I'm looking at a 2-3 week wait period.. SL is a must