In 60 Mins TF - IFCI is trading in channel. Expect breakout above 23 or breakdown below 22.1-22.2 for the target points of 0.9 in the direction of break.
In below chart, if we observe below may be resistance and supports in 60min TF
Resistences - 23.3-23.4, then 23.8
Supports - 22.4, then 21.8
In below chart, if we observe below may be resistance and supports in Daily TF
1st restence - 22.9
2nd resistence - 23.6
1st support - 21.5
2nd Suport - 21.2
In Weekly TF, weekly hammer is in making. A close on friday between 22.4-23.37 will validate this
pattern.
In below chart, if we observe below may be resistance and supports in 60min TF
Resistences - 23.3-23.4, then 23.8
Supports - 22.4, then 21.8
In below chart, if we observe below may be resistance and supports in Daily TF
1st restence - 22.9
2nd resistence - 23.6
1st support - 21.5
2nd Suport - 21.2
pattern.
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