Stock has closed above 50DMA today at 16.53.
Such breakouts in November 2017 and July 2017 resulted in a big upmove...
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...
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
Bullish reversal shown by blue Stochastic line trying to cross above the red one... base formation at 560...
Long for expiry till 26-07-2018
Target - 582 - 588
Stop loss- 555
Disclosure : for eductional purposes