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| Discuss IFCI - cup and handle at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hello all people, i have attached the below chart of ifci , cup and handle developed - ... |
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#1
15th December 2006, 12:10 AM
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IFCI - cup and handle
hello all people,
i have attached the below chart of ifci , cup and handle developed - bullish indication volume supports the pattern  however, when the cup was completed, there was symmetrical triangle break down and then handle formation.  observe the chart and do comment on it. thanxs winston  Last edited by winstonn; 15th January 2008 at 08:27 PM. 
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#2
16th December 2006, 01:37 PM
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Re: IFCI - cup and handle
DEAR WINSTONN
This formaion is OK.The co has cleaned it's balancesheet over the past 2 yrs or so.in the last quarter it returned into the black after a long time.I'll wait for a break above rs 15.
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