The perspective for IFCI is optimistic. The action had increased around 15 percent on Friday and has closed the week with a strong note. This increase has tasks of the price of the action well above the key level of ₹ 48, which was limiting the rise since March 3 of this year. The region between ₹ 49 and ₹ 47 is a strong support. Any intermediate immersion will see the new buyers to the market in the support zone of ₹ 49-47. The price of IFCI shares can increase to ₹ 57 and ₹ 59 in next week. Merchants can buy IFCI shares now in ₹ 52, accumulate in Dips in ₹ 50 and keep the stop -los in ₹ 47. Be the arrest of the loss of up to ₹ 54 when the price rises to ₹ 55. Move the stop-loss to ₹ 56 when the price touches ₹ 57. It comes out of long positions in ₹ 58.
Video Credit: Businessline
(Note: Recommendations are based on technical analysis. There is a risk of loss in trade).
Posted on May 19, 2025
