IRFC
TRADING TRIANGLE : IRFC -- POSITIONAL TRADE --NSE:IRFC
>Forming a triangle on 4-hour time frame
>It has breakout on the line chart but not on candlestick chart.
> For good confirmation we should wait to align both charts ( line and candlestick ).
> IRFC is facing heavy resistance at 25.50 to 26.50 range if this break then we can initiate a long position.
>Entry above - 26.50.
> RSI has bullish divergence on daily timeframe.
> There is no past trading data at this level so the target shall be a measured move of triangle range.
#Fundamentals
>Current price is below its intrinsic value.
>Its P/E ratio is less than its peers, which makes it undervalued.
>The financials are getting better and the company reported increased profit.
>Revenue is growing at a higher rate than the industry average.
(IRFC) NSE STOCK ANALYSIS 17/03/2022This is an update of our past analysis which is linekd bellow.
Technical analysis:
There exist a double bottom candle pattern formation on the daily chart which is the sign of trend reversal and bullish trend start
Fundamental analysis:
The stock seems to be undervalued as it is very close to its pegged values.
It is a semi-government company which means, if the price falles bellow the pegged price then there are chances of merger arbitrage and liquidation of the entire company.
Such an event is very very rare as this company is responsible for the Indian railway financial contacts and beaurocraces and at the event of its liquidation government may step in and prevent its happening so it seems to be a very safe buy for us.
We should keep in mind that this script may move slowly and the value appreciation may take some longer time as compared to other low liquid and higher volatile stocks.
There are total of 3 Targets as previously defined
Market may follow to the targets with some trend corrections.
IRFCIndian Railway Finance Corporation Ltd (IRFC)
LTP: 23.70
P/E: 5.60
B/V: 29.78
P-B/V: 0.80
the PE ratio and the Price to Book Value ratio is very good.
ROE: 13.34
ROCE: 5.02
ROA: 1.34
Return on equity is good but return on capital employed and return on assets could be better.
EBIDTA has jumped up to 15770 cr in 2020-2021 vs 13421 cr in 2019-2020 and the year isn't even over yet. the financials for the year ending in March 2021 will be very good and should bring down the P/E ratio.
Net profit too has jumped to 4416 cr already vs 3192 cr in 2019-2020
Overall, looks like a must have in the portfolio!
next year target above 49 finalized ?Yes , Now it is consolidating in it's range but once it breaks its trend line with volume and remains there ,
It wont take time to reach 49+...
NOW , FUNDAMENTALS::
Indian Railway Finance Corporation (IRFC) will raise up to Rs 3,000 crore through issuance of unsecured,
redeemable, taxable non-convertible debentures (NCD) maturing in 10-year.
The NCDs have a base issue of Rs 500 crore, with retain oversubscription of Rs 2,500 crore.
I've completed my analysis of IRFC . My target is that it will go down to 23 or 1 or 2 rupees dip more..
rupees in these days if market takes correction otherwise it will start it's rally till 50 rupees.
TARGET OF PRICE RALLY IN IRFC FOR 1-2 YEARS
Upside target 124.05
Upside target 112.77
Upside target 24.28
Downside Target 23.99
Downside Target 23.64
Downside Target 23.3
Downside Target 23.24
Downside Target 20.92
Bond 8.00% Pa Tax Free S1 IRFC Opened at 24.85 & Closed at 24.15 and moved inside a range of 24.05-24.95
PRICE ALLY IN IRFC FOR LONG TERM NVESTMENT
Upside Price target 1224.55
Upside Price target 1165.00
Upside Price target 1151.00
Upside Price target 1140.01
Upside Price target 25.46
Upside Price target 25.11
Upside Price target 24.64
Downside Price target 23.89
GUYS I LOVE THIS STOCK FOR INVESTMENT F YOU WANT TO DOUBLE OR TRIPPLE YOUR MONEY JUST INVEST ALL YOUR MONEY ...
(as per your knowledge )
IRFC Bullish 1 DayIRFC can come in Bullish Trend.
Patterns Formed in 1 Day Chart
An inverted Head and Shoulder Pattern is formed.
A Triangle Pattern is Formed in a 1 Dayly chart.
Morning Star Pattern in 1 Dayly Chart
Pattern Formed in 1 Week Chart
A Triangle Pattern is Formed in a 1 Weekly chart.
Prices
CMP: - 23.80 rs
Dayly Target Price: - 25.2 - 26 rs
Weekly Target - 26rs + ( If breakout in Weekly Triangle )
Stop Loss: - 22.80 rs
#IRFC #indianRailway