IFCI (Bullish Breakouts)

IFCI

INSE IFCI EQ_Daily_1Year

 

Rationale : Stock pierced its prolonged falling trendline and trading near its crucial resistance at 22.75 levels.

Below volume and major Momentum Indicator too support the bullish view, as  they are the leading                             indicators.

Stock has pierced Symmetrical Triangle and forming an Ascending triangle. Hence above 22.80 stock                       might rise till 24.50-25.60 levels.

Buy Above 22.80 Sl 21 TGT 24.50-25.80 levels.