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.

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