You can easily recognize inverted/Bottom Head and Shoulder pattern breakout on weekly chart of IFCI. We expect stock to test 37 in coming weeks. Stoploss can be placed at 26.50. Have a look at chart. Long term investors can expect targets of 50 in next 1 year.
Stock is looking good on daily charts. Stock framed bullish engulfing pattern on daily chart. We expect stock to test 648-50 in short term and if sustains above 650 next targets will be 680 to 750. Stoploss can be placed at 618. All the technical indicators are also looking in bullish mode.
After strong show by IT sector, all IT companies ate in lime light and can attract fresh buying. Daily charts of Wipro are looking good for short term targets of 540-580 on sustaining above 485-500. Have a look at weekly chart :
Stock has already given neckline breakout of bullish bottom/inverted Head and Shoulder pattern and further on Friday stock made bullish inverted hammed candle indicating fresh buying interest. Add with stop below 470 for targets of 510-50-600.
