Golden Gem - IFCI

Hello Pirates

IFCI

This is a stock which is a trader favorite stock & many hunters have there eyes on it, this is one of the stock which out performs when the market are out performing & if the markets correct this is one of the first stocks which will fall for sure from its highs.

This stock was trading in a range of 45 - 50 few months back & it use to make a range of 45 - 55 & again fall back to low levels but it always bounced from 45 levels, thus this is a trading stock, as you can make out, after a brake out above 55 this stock shouted to 60 levels, but seems again this stock is repeating its history & consolidating at lower levels to make new highs in the coming sessions as per the markets seems to out perform in the coming months.

But the range of the stock has changed, if you see as on date the stock is trading in between 55 - 60 levels, so what traders are doing is they are buying this stock at lower levels & selling at around 60 levels, one more thing to watch upon is that nifty has made a new fresh high move & going for another up high in the sky move, but this stock is consolidating at dips, which clearly indicates that this stock is a golden chance to go for.

If we look at the Map : -


This is a stock which is listed in BSE / NSE both, if one is a short term trader, depending on the risk intake can buy this stock in between 55.20 - 56.30 keeping a stop loss at 52.30 on closing basis for a target of 59 - 60 in the next few weeks & if one is a long term or medium trader can buy this stock in between 53 - 55 levels keeping a stop loss at 50 on closing basis for a target of 60 & close above 60 can make the stock on fire, as per this is a stock which was at more than 80 levels at the bull run, when the index was at 22000 levels, so this is one stock which is at lower levels from its high, so this stock can be a golden bag for us & within no time investors can gain tons of gold from this stock.

This is a golden chance, as per you may not see these levels next year & if one is a investor take every dip in this stock as a oppurtunity to buy, no stop loss needed as per investors can gain tons from this stock by next year, make it a note.

Trading in the stock market involves risk, thus trade with appropriate stop loss & book profits at appropriate levels, the above information are my personal views & one can trade in the stock at there own risk,.

We wish All the Pirates, Happy Hunting & All the Best.

Regards

Captain