iCharts Discussions

[vivek999]

Hi Team,

IFCI's movement has been drawing my interest for the past one and half years. On Jan 2, 2007, IFCI opened at around 13 levels. On Dec 17, 2007, it touched a high of 121. Currently, IFCI is at 37. If there is someone who has went long with IFCI between 10-20 levels, held on to it during 2007, and closed it at 100-120 levels, he must be a great trader. If he also went short with IFCI at 100 levels, and closed the short-position at 30 levels, hats-off to his analysis.

Although, I haven't traded in IFCI, I have been watching it since Jan 2007. Yesterday, I did a bit of analysis on the long-term chart of IFCI. I noticed that 22-25 levels is a good retracement level. IFCI hit 29 levels on July 2, 2008.

Currently, for a short-term (based on my analysis of IFCI short-term chart), IFCI looks to be at important levels. Movement above 39-40 could give upsides; Movement below 37-36 could give downsides. I would like to see what shape IFCI takes in the future.

Disclaimer: Trading in stock market involves risk. I do not hold any positions in IFCI. The information in this message is not to be considered as a recommendation. Please do your own analysis to determine the risk involved.

Regards,
Vivek

[hdobhal]

Dear Vivek,

Thanks for the infor about IFCI you posted. Your views are always helpful for we traders and I request you to continue this. One thing though - for stocks there is a separate place "STOCKS" where it will be better to put such posts.

Thanks & keep the good work going.

Harish

[vivek999]

Thanks Harish..

Next time, I'll post stock related post in 'Stocks' section.