IFCI one more low needed!

by Dean Market Profile on Thursday, January 12, 2012 in IFCI, Stocks

IFCI is tanking for a long time now. But upon counting the waves since latest significant top we can see that IFCI has actually completed only 4 wave of the down move, to complete this down move we need another low in IFCI, and hopefully if Nifty falls from here we will get the same. A couple of possibilities are shown on chart.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Thursday, January 12, 2012

IFCI one more low needed!

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