IFCI Ltd – Weekly Breakout with Volume Expansion

Price has broken out of a long-term symmetrical triangle, ending a prolonged consolidation phase. The breakout candle is decisive and supported by strong volume, improving reliability. 📊 Trend & Averages Price has reclaimed the 30-week SMA, which now acts as near-term support. Structure suggests a shift from range-bound to early trend resumption. 📈 Momentum Check RSI has moved back above the neutral zone, indicating improving momentum. Sustaining RSI above 55–60 would further strengthen the bullish case. 🧩 What to Watch Follow-through above the breakout zone is important to avoid a false breakout. Any retest of the breakout area with lower volume would be constructive. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)