IFCI Trading – 05Oct2016

Buy IFCI at 26.65 for Target 28.65 with Stop Loss 25.00. That’s 2 points reward, 1.5 points risk. This trade may take 1-2 months. The uptrend from March has been broken but IFCI tends to bounce back from sharp corrections. Market conditions are favorable for financial stocks with reducing interest rates. Investor with 12-18 months timeframe should hold IFCI for target 40, which can give 50% return on current price.

ifci-05oct2016-26-65

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