Technical Research Report on IFCI by City Equity Research
IFCI: Industrial Finance Corporation of India. CMP Rs 23, Target Price 32 – 37 – 44, Stop loss Rs 9. Holding Period Minimum 8 – 14 Months. Penny Share High Risky, So Invest as per your risk profile.
On Monthly Chart there are Multiple Types of Breakouts in IFCI, that is for long term purpose, don’t invest for short term quick money.
1. Breakout as per IchiMoku Cloud
After nearly 5000 Days Ichimoku Cloud Turn Green from Red (A Major Long Term Trend Changing Technical Indicator). 
2. AVWAP Resistance
AVWAP Another Technical Tool which help us to give some idea about upcoming possible Major Resistance Range. Here in IFCI If you track AVWAP from ATH , IPO & 2008 Crash Low It will give us Range of Rs 32 – 37. 
3. Momentum Indicator
Momentum Indicator Another Technical Tool which help us to Understand if Share is in Bearish, Consolidation or inn Euphoria Phase. In IFCI If we check Monthly Charts then it’s between consolidation & Euphoria Phase. I think Near Range of Rs 32-37 ( Which is our AVWAP Resistance) It will trigger Euphoria Phase for IFCI.
RATIO CHART
One Big Breakout I am Looking out is at Ratio chart of IFCI with Compare to Nifty. On Basis of this Posted this Technical Research Report.
After Year 2008 Many ( 500-900 ) companies not able to beat Nifty Return, If you compare IFCI with Nifty Return then there is a Major Breakout in Ratio Chart. 15 Years of Super-trend Turned Green & 14 Years of Ichimoku Cloud Turned Green.
This Kind of Major Development in penny share is encouraging me to share this report. That’s Long Term Trend Reversal in IFCI.
Even If we check Momentum Indicator of Ratio Chart then it is at consolidation, that means we are in starting rally for long term momentum. This chart generally gives us idea about next 2- 4 years.
All these charts Gives us Idea about Next 8 – 14 Months Momentum in Ifci.
D: Invested
DISCLAIMER : Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”
SEBI Registration details: 👇👇
SEBI Registered Research Analyst Firm Name : City Equity Research (Formerly known as : City Investwisely)
SEBI Registered Number: INH000012874
Support Email – cityequityresearch@gmail.com
Registered Address: Shop no. 308A 1st floor, Lalganga Midas Devendra Nagar, Raipur 492001
Please Read Full Disclaimer Here 👉 https://www.cityinvestwisely.com/disclaimer
