IFCI can achieve a target of around Rs 90: Rakesh Gandhi, LKP
IFCI has made good consolidation formation on weekly chart and has given a good breakout.
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| Rakesh Gandhi, Technical Analyst, LKP, in a chat with ET Now talks about IFCI.
What are the levels that you are watching out for financial stocks?
On a long term basis on the charts, IFCI has made good consolidation formation on weekly chart and has given a good breakout and is sustaining above that 60 level since the month of August. Now that it has once again moved above that 70 band, it could achieve a target of around Rs 90. One can buy this stock for that target keeping a stop loss of around Rs 60 at this point of time. It can take around 2 months time to achieve this level for IFCI.
What are the levels that you are watching out for financial stocks?
On a long term basis on the charts, IFCI has made good consolidation formation on weekly chart and has given a good breakout and is sustaining above that 60 level since the month of August. Now that it has once again moved above that 70 band, it could achieve a target of around Rs 90. One can buy this stock for that target keeping a stop loss of around Rs 60 at this point of time. It can take around 2 months time to achieve this level for IFCI.
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