IFCI Limited

• 15 July, 2024 Ruchit Thakur

IFCI Limited

The Industrial Finance Corporation of India looks to be a great long-term investment as it has achieved a peak and is still rising.

Please look over and comprehend the IFCI Limited weekly chart's structure. The chart indicates that IFCI Limited is a fantastic stock to buy around the 68–70 zone. It has performed exceptionally well so far and has a large upside potential.

Please refer to the weekly chart that IFCI Limited has provided. After emerging from the 68–70 range, the stock has been rising and is presently trading above horizontal resistance. The data shows that IFCI Limited is currently in high demand at a price of 70. This growth era is predicted to last until 105–110, as the graph below illustrates. 

• IFCI Limited is a great option for long-term investments because it has maintained growth and made a respectable breakthrough at 68–70.
• IFCI Limited appears to be in a favorable position on the chart, with potential to grow to 105 and 110.
• The greatest time to buy this stock right now is between 68 and 70 because the risk-reward ratio is perfect for cash transactions.
• The chart shows that the stock has broken out of an ascending triangle pattern, with a target price range of 105 to 110.

Please refer to the weekly chart that IFCI Limited has offered. The weekly chart shows horizontal resistance, a breakout, and demand in the 68–70 price area. Strong demand in that range causes the stock to climb.

Please take note of the horizontal resistance and its breach, as the stock has hit a fresh high and there is currently a superb buying opportunity. As of right now, the stock has followed the rising trend on the chart to reach its targets between 105 and 110. 

IFCI Limited was born out of the rising triangle, with the pattern's most recent objectives falling between 105 and 110. The rising triangle is one chart pattern used in technical analysis. Price fluctuations result in a rising trend line at the swing low and a horizontal line at the swing high. The two lines create a triangle.

Due to the significant demand for the stock, investors may look for a long-term buying opportunity around the 68–70 zone and take advantage of any subsequent declines. A comeback to the 105 and 110 levels might come from this, indicating a strong risk-reward ratio. Use every downturn as an opportunity to invest because this stock has a large upside potential. Use each dip to buy shares of this company.

Using cash, investors might buy the stock gradually, aiming for prices between 105 and 110, and establishing a stop loss of 49.

In order to enable the stock or instrument to attain high volume and upside with a quick increase and target hit, as a trader or investor, I frequently search for a Volatility Contraction Pattern (VCP), which is a circumstance in which there is a decrease in price volatility before a significant gain. If you would want more information on VCP patterns, please download the application from our website. We also demonstrate the highly-precision pattern recognition technique.

IFCI Limited's weekly chart shows both resistance and support. The spot chart displays the levels. 

Company Profile: The Ministry of Finance, Government of India, owns IFCI, formerly known as Industrial Finance Corporation of India, a development finance organization. IFCI was originally founded in 1948 as a statutory corporation and is presently listed on the BSE and NSE. IFCI consists of one associate and seven subsidiaries. It offers financial assistance to industries that are growing in a variety of ways. The financing activities encompass a wide range of projects, including those related to transportation, real estate, manufacturing, airports, communications, power, and other related industries.

The corporation has been instrumental in the establishment of numerous reputable market intermediaries in a number of specialized fields, including stock exchanges, organizations that support entrepreneurship, consulting firms, and institutes that provide education and skill development around the nation.
 

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