π IFCI Ltd Technical Warning β οΈ
IFCI Ltd strongly respected its 2007β08 resistance zone, triggering a sharp reversal and correction. ππ»
Many retail traders appear trapped above the βΉ90 zone, particularly after the recent NSE IPO-related optimism. π¨
Ignoring fundamentals + technical resistance can prove costly when valuations run ahead of reality.
β οΈ Key Level: If the 70% support zone is decisively broken, further selling pressure could emerge.
π― Key Takeaway:
Fundamentals matter more than Techniclas
Never let a story override the chart. ππ§
#StockMarket #IFCI #TechnicalAnalysis #Investing
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Sep 19, 2026 Β· 7:57 AM UTC
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