TradingView
Munish_Jain
Dec 15, 2023 4:14 AM

IFCI | Investment Pick Long

IFCI LTDNSE

Description

📊 DETAILS
Sector: Finance Term Lending
Mkt Cap: 7,269 cr

IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector.

TTM PE : -- (Low PE)
Sector PE : 13.46
Beta : 1.56

📚 INSIGHTS
Momentum Trap
Strong price momentum & technical indicators may tempt investors to buy this stock. Be selective, not all stocks with strong momentum have strong financials & balance sheet.

4.85% away from 52 week high
Outperformer - IFCI up by 17.6% v/s NIFTY 50 up by 7.66% in last 1 month

📈 FINANCIALS
Piotroski Score of 3/9 indicates Weak Financials

Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.

🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: tradingview.com/u/Munish_Jain/

Trade active

Trade active

Trade closed manually

Monthly candle might close below trendline.. exiting this trade, although safe above 26.5

Comment

Good move
Comments
gautamvraj1999
correct me if I'm wrong but I feel like 1m time frame is too long. and it'll take significant time before getting any good roi
Munish_Jain
I use 1 month timeframe to find trades that I can hold for long.. stocks that breakout on daily timeframe give short targets suitable for swing trading
Money_design
Yellow line is marked on a significant level.
Munish_Jain
@Money_design, Yeah, it will act as a solid support
More