IFCI -------- STOCK FOR REBOUND

NIFTY fall from 5400 to 4786 ,IFCI is making lower loss,but stock have resistance at 56 levels which is 0.382% Fibonacci Retracement,a break in this level can show 65 in this counter very fast.Even a flat to positive market will help this stock.Investors can HOLD and add position still this stock close below 45 levels in weekly chart.
Fibonacci Analysis (Bloomberg Professional)