IFCI: Explosive Move Hits a Key Wall

Technical Setup – IFCI Ltd. on the weekly timeframe chart

• Current Price: ₹70.31
  
• Breakout Confirmation: Price broke above major trendline resistance (dotted line) with strong volume
  
• Volume Profile: Highest traded zone was around ₹42–₹50 (base built here)
  
• Fibonacci Levels: 61.8% broken = bullish signal
  
• Targets: 🎯 ₹91.56 (100% Fib level) 🎯 ₹161.79 (161.8% extended Fib target – long term)

📊 Fundamental Story – Government owned NBFC

Focused on infrastructure and industrial finance
Recent market rally shows renewed investor interest
Benefits from:

• PSU sector momentum
• Government capex push
• Improved asset quality & restructuring progress

Turnaround story in the making, driven by fundamentals + reform

Like, comment your thoughts, and share this post!
Explore more stock ideas on the right hand side your feedback means a lot to me!
Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.