IFCI - Weekly Chart Analysis, CMP-31
Stock 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.
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.
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