IFCI can test Rs 85, says
We mentioned even last week that Rs 65 has been a breakout level in IFCI and until it holds above that support level, the breakout was very much intact and I think the likelihood of the stock testing Rs 85 is pretty much a possibility."
She further added, "This is the first time in the last so many months that the stock has been able to breakout on the back of good volumes and a positive signal from the momentum indicator as well. Hence I would treat this yesterday?s fall as possibly a buying opportunity for a fresh target of Rs 85."
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