IFCI is a buy: Amit Harchekar, IIFL
The stock had been consolidating for almost a year.
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| In a chat with ET Now, Amit Harchekar, Sr. technical Analyst, IIFL talks about IFCI.
IFCI has surged up in the last 3 or 4 sessions. What do you do with this stock?
The stock had been consolidating for almost a year and since it has broken an important resistance of 68, we might see this uptrend extending all the way towards 85 to 90 levels. So one can even enter at current levels in this stock. The stop loss should be placed in the range of 68 and target in the immediate term comes at Rs 88.
IFCI has surged up in the last 3 or 4 sessions. What do you do with this stock?
The stock had been consolidating for almost a year and since it has broken an important resistance of 68, we might see this uptrend extending all the way towards 85 to 90 levels. So one can even enter at current levels in this stock. The stop loss should be placed in the range of 68 and target in the immediate term comes at Rs 88.
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