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niknike
Jul 30, 2018 3:13 PM

IFCI Long Long

IFCI LTDNSE

Description

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
Comments
niknike
SL revised to 16.40 after today's upmove.
niknike
Very good weekly closing.....stock should do well in next 2 weeks........
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