In my analysis(for 1-2 weeks), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 56.4, while the second target is at 60.4. To manage risk, it's important to establish a clear stop-loss level.
**Trade Idea:** Consider a long position(1-2 weeks) on IRFC stock with a first profit target at 56.4 and a second target at 60.4. Implement a well-defined stop-loss strategy to manage risk effectively.
1st Target--> 56.4 2nd Target --> 60.4
Thanks Kambi
Trade active
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NEWS:--> "Government's IRFC Share Sale Plan Impacts Predictions"
Amid the unfortunate news of the government's decision to sell IRFC shares via OFS, previous predictions might face disruption.
An analysis of IRFC stock over 1-2 weeks reveals two profit targets: 56.4 and 60.4, alongside the importance of a clear stop-loss strategy for risk management.
Trade Suggestion: Consider a 3-4 week-long position on IRFC, targeting 56.4 and 60.4, while maintaining a well-defined stop-loss plan.
Trade active
⋅
Great news, the first target of 56.4 for IRFC stock has been achieved.
Today, the stock reached a maximum value of 56.50, which is right in line with our first target.
Now, our primary objective is to work towards reaching the second target of 60.4.
In the upcoming days, we'll closely monitor the market for potential movements and opportunities to help us achieve our second profit target.
Progress has been positive, and we're now focusing on reaching our second target.
Next Target is 2nd Target --> 60.4
Thanks Kambi
Trade active
⋅
Update for September 4th:
Exciting news! Today, IRFC stock soared to new heights, with the maximum price reaching 62.7. This remarkable performance has allowed us to achieve all of our previously set targets.
Given this significant development, I will be conducting a fresh analysis to identify new targets and opportunities in the market. Please stay tuned for an upcoming update, where I will provide you with our latest insights and targets.
Thank you for your patience and continued partnership.
NEWS:--> "Government's IRFC Share Sale Plan Impacts Predictions"
Amid the unfortunate news of the government's decision to sell IRFC shares via OFS, previous predictions might face disruption.
An analysis of IRFC stock over 1-2 weeks reveals two profit targets: 56.4 and 60.4, alongside the importance of a clear stop-loss strategy for risk management.
Trade Suggestion: Consider a 3-4 week-long position on IRFC, targeting 56.4 and 60.4, while maintaining a well-defined stop-loss plan.