IFCI Limited
Long

IFCI: ₹60 Breakout Can Trigger ₹80 → ₹100 → ₹120 Rally

406
IFCI has spent a prolonged period in a Neo Wave Double Three (A–B–C) combination, indicating time-based correction and accumulation, not trend breakdown. Price action has remained overlapping with contracting volatility, confirming a corrective structure.

Currently, price is compressing inside a triangle, signaling energy build-up. A decisive breakout above ₹60 will confirm trend continuation.

Trade Plan (Strict):

Entry: Only after a sustained breakout above ₹60

Targets:

🎯 ₹80

🎯 ₹100

🎯 ₹120 (longer term)

View:
Double Three combinations followed by triangle breakouts often resolve with sharp and directional rallies. Patience is key — no breakout, no trade.

Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.