Indian Metals & Ferro Alloys Ltd.
Long
Updated

IMFA heading towards 1000?

217
Date: 22 Sep’24
Stock: Indian Metals and Ferro Alloys (IMFA)
Timeframe: Daily

As mentioned in my idea posted on 10 Sep’24 (link is in Related Ideas section), IMFA seems to have completed Wave IV of 3 on 13 Sep’24 and begun Wave V impulse towards 950 as seen in the chart. It can very well go past 1000 as well, only further moves can confirm this.

This is not a trade recommendation. Please do your own analysis.
Trade active
Wave V of 3 in progress. High of 732 today (17% up since analysis)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.