IFCI - Multiyear Breakout - MonthlyIFCI - Multiyear Breakout - Monthly
Multi-Year Breakout: The chart indicates a multi-year breakout with strong volume, suggesting a potential long-term uptrend.
16yrs high Breakout: Neckline marking a 16yrs breakout, which could be a shorter-term confirmation of the trend.
Support Level: The low of the breakout candle is marked as a support level at 59, which can be a critical point to watch for potential pullbacks.
This setup looks promising for those interested in technical analysis and long-term investments.
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.
IFCI Ltd. recently announced its Q1 results for the period ending June 30, 2024. Here are the key highlights:
Revenue: The company reported a revenue of ₹4,051.2 million, up from ₹3,243.6 million in the same quarter last year.
Net Loss: The net loss decreased to ₹1,082 million from ₹1,399.8 million year-over-year (YoY), marking a 24.64% improvement.
Earnings Per Share (EPS): The EPS for Q1 stands at ₹-0.44, a decrease of 4.34% YoY2.
Operating Income: Despite a 90.05% quarter-over-quarter (QoQ) decline, the operating income increased by 106.82% YoY.
SG&A Expenses: Selling, General & Administrative expenses saw a reduction of 29.44% QoQ and 8.04% YoY.
These results indicate that while IFCI has made significant annual progress, it faced challenges in the most recent quarter. The reduction in SG&A expenses suggests improved operational efficiency, but the decline in EPS highlights ongoing profitability challenges
IFCI
IFCI - Next big thing?IFCI Limited is a financial institution that caters to the long-term finance needs of the industrial sector. The Company offers a range of debt products based on the specific requirements of the corporate.
P/B: 1.45
Mkt Cap (Rs. Cr.): 4,643
Sector PE: 8.45
Book Value Per Share: 12.87
Positives:
Strong Momentum: Price above short, medium and long term moving averages
MACD Crossover Above Signal Line
New 52 week high today
Effectively using its capital to generate profit - RoCE improving in last 2 years
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company reducing Debt
Annual Net Profits improving for last 2 years
Company with Zero Promoter Pledge
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
Stock gained more than 20% in one month
Highest Recovery from 52 Week Low
Decrease in Provision in recent results
RSI indicating price strength
High Volume, High Gain
Negatives:
Red Flag: High Interest Payments Compared to Earnings
MFs decreased their shareholding last quarter
Low Piotroski Score : Companies with weak financials
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
IFCI | Investment Pick📊 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: www.tradingview.com
IFCI - Weekly Chart Analysis, CMP-31Stock coming out of long base. It is sustaining and after forming 9Week base of 23% range it is came out.
It is cruising above all its key moving averages. 25-26 shall act as a support. if it close below it then our view stands invalid.
36-44 are the immediate levels which can be tested and if it manages to close above it and sustained over these levels then 80-99 is the main supply zone which can be tested over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
IFCI review - 30 from 15, 2X gains & more to comereviewing NSE:IFCI
chart posted on 28th Sept 2023 when the price was 15.30
After that, it reached a peak of 30.90.
gained twice as much as projected thus far, and additional gains are anticipated
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
link of 28th Sept 2023 post given below
IFCIIFCI:- Reverse pattern has been created on the monthly chart, you can also call it cup and handle pattern.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
#IFCI LONG TRADE IDEA SETUP Greetings Folks,
today I have prepared a setup of IFCI on NSE
the analysis is as follows-
- The price broke past the previous higher high
- now the price is spectating in a minor, just above the breakout area
- the most immediate minor high failed to break past the previous minor high indicating temporary weakness
- it would be better if the price would consolidate sometime in this minor range and then breakout
don't play with fire, always use a predefined stoploss
#IFCI LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of IFCI on NSE
the analysis is as follows-
- the price was in a minor downtrend, its now trying to pick bullish momentum
- there is good volume buildup in past trading sessions
- if nifty opens positive tomorrow, then we can
look to buy this after breakout
don't play with fire, always use a predefined stoploss
A flat correction is taking place in IFCI. a Turn around stockElliott Wave Analysis:-
View 1:-
A fall was completed an impulse 1st wave seems to be completed and an correction 2nd wave seems to the impulse was taking place.
If the high 18.85 was not broken then the previous low 8.50 have to break and we can accumulate around 5-7. which will be a safe bet. It has 70% govt holdings. only reason to touch this chart. if this was going to form a impulse then we may accumulate in every fall. but it seems to be an Penny stock kindly keep this for resarch purpose or kindly consult your financial advisor before taking this trade.
I'm not a SEBI registered advisor.
Further details will be added in comments .
IFCI -- SHORT TERM - 10-20% IFCI -- HOURLY CHART. -- Look 10-20% profit potential 10-15 DAYS time frame.
>> stock has trendline support at 12.25 level as well as double bottom formation also seen exactly at this line higher channel this both indication bullish from current cmp 12.30
>> stock has potential profit 10.20% from current cmp 12.30
BUY IFCI @ 12.30
TARGET 13- 13.50- 13.75 +
stop loss 10.75
** this idea is for educational purpose ** trade at own risk
** HAPPY TRADING . !
IFCI POSITIONAL - BUYIFCI on Hourly chart seen some bullish indicators stock corrected from 19 sub level to 14.50 and trend reversal clearly seen on chart now cmp @15.65 level . can buy positional at 15.50 to 15.70 This level for positional 7-8 days target 17-18 ... projected profit margin can be 10-15% from cmp.
Technical indicators .
1. TREND REVERSAL SEEN 20,50 sma bullish crossover whereas 200 SMA at Downside support & moving upword direction.
2. Bullish ABCD pattern form ..from reversal point A, higher top higher bottom formation seen on chart POTENTIAL UPSIDE TARGET IS POINT D.
3. RSI(14) At mid range 56.2
4. MACD (12,26,9) VALUE 0.8 above center
Buy IFCI @ 15.50-15.70
Target 17-18 (7-8) Days
stop loss 14.15
* i Hope this idea will helpful to your study & analysis of this stock. !!
WISH U HAPPY TRADING.!
IFCI breakout ( make a eye on IFCI. Its an analysis only and ask your financial advisor before taking any trade.)
IFCI is looking good at this point. As you can see its at a support zone and chances are very high that its go up from here after some consolidation.
So above 13.00 it can break its high of 16.00 .