New Delhi, Oct. 8 -- IFCI shares jumped nearly 9% on Thursday, 8 October, even as the broader stock market remained under pressure. However, technical indicators suggest that the stock continues to face resistance at higher levels, with analysts cautioning that the recent upmove could be a relief bounce rather than a trend reversal.

IFCI share price today opened at Rs.64.08 apiece on the BSE, the stock touched an intraday high of Rs.69.81 per share, and an intraday low of Rs.63.28 per share.

The stock has gained 4.11% in the past week and 22.59% over six months, while its year-to-date gain stands at 27.91%. However, IFCI shares have declined 9.75% in two weeks, 26.73% in one month and 8.07% over three months.

Virat Jagad, Senior Techni...