IFCI on Weekly TF

24 בספט׳ 2023

IFCI 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