Wanna double your money

IFCI :-

IFCI prices are consolidating in  triangle from almost last  7 years, recently we could witness a pattern breakout around 31 levels. One should be bullish in this stock hence forth and opt for ‘buy on dip’ strategy. 

We recommend buy and hold strategy for IFCI with following  targets.

Long Term:- Buy around 30.20/31.70 T1-39 T2-61.70 T3-76 T4-79.50 SL 21.50.

Since it is long term pick and time to achieve final targets would be around 3.5 years. In case of averaging, we will think of it only around 23-24 levels.