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+ 1,046.30
+ 319.15
-33.00
-194.00
-1,147.00
+ 1,046.30
+ 319.15
+ 319.15
-33.00
-33.00
-194.00
The outlook for IFCI is bullish. The stock had surged over 15 per cent on Friday and has closed the week on a strong note. This rise has taken the share price well above the key resistance level of ₹48 which was capping the upside since March this year. The region between ₹49 and ₹47 is a strong support. Any intermediate dips will see fresh buyers coming into the market in the ₹49-47 support zone. IFCI share price can rise to ₹57 and ₹59 in the coming weeks. Traders can buy IFCI shares now at ₹52, accumulate on dips at ₹50 and keep the stop-loss at ₹47. Trail the stop-loss up to ₹54 when the price goes up to ₹55. Move the stop-loss further up to ₹56 when the price touches ₹57. Exit the long positions at ₹58.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on May 19, 2025
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