IFCI FORMING A BULLISH CYPHER IN AN UPTREND

Cypher shapes basically represents that the prevailing trend to be continued as the  shape itself describes the support and resistance on a long term trend line.

It is quite necessarily that the cyphers should be formed in the long term wedge shapes so that the long term trend line can provide a good support for the price pattern to be adopt.

So a perfect one is IFCI from todays look ¬†can be accumulate around 25 for the minimum target of 30…

This is my personal view not a recommendation.

Here is the snapshot: