IRFC Analysis & PredictionThis is the analysis of IRFC in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About IRFC:
Indian Railway Finance Corp. Ltd. engages in the business of borrowing funds from the finance markets to finance the acquisition of assets which are leased out to the Indian Railways as finance lease. The company was founded on December 12, 1986 and is headquartered in New Delhi, India.
Irfcanalysis
Indian Railway Finance Corporation Ltd - Breakout OpportunityDate : 2-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 144.80 (on 1-Apr-2024)
Targets: (1) Rs. 164 --> (2) Rs. 192 --> (3) Rs. 240
SL : Rs. 135
Technical View:
• NSE:IRFC is in its primary uptrend since Aug-2023 and was recently going through it's secondary downtrend.
• After touching the high of 192.8 on 23-Jan-2024, it has retraced 39% to 116.65 level.
• NSE:IRFC has broke out from its secondary down trend on 22-Mar-2024 with higher than average volume.
• RSI has crossed over 50 on 26-Mar-2024. MACD is about to cross 0 line as on 2-Apr-2024.
• On 26-Mar-2024 it has closed above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
IRFC stock first profit target at 78.0 and a second target 81.90In my analysis(for 1 week), 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 78.0, while the second target is at 81.90 . To manage risk, it's important to establish a clear stop-loss level.
**Trade Idea:** Consider a long position(1 week) on IRFC stock with a first profit target at 78.0 and a second target at 81.90 . Implement a well-defined stop-loss strategy to manage risk effectively.
1st Target--> 78.0
2nd Target --> 81.90
Thanks
Kambi
#IRFC LONG TRADE IDEA SETUPGreetings Folks,
today I have prepared a setup of IRFC on NSE
the analysis is as follows-
- the price is speculating in a minor range right now
- my current bias is bullish so i will not be looking any short trades
- 2 possible entries are given in chart, the breakout and retest one is more probable
- if the market opens negatively, wait for price to settle on the below support
don't play with fire, always use a predefined stoploss
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.
next year target above 49 Irfc is an Indian railway finance company , who is undervalued right now. The correct time to invest in irfc is this because it has crossed the last high . While , we look in for the fundamentals of the company it is far better as compared to irctc and rvnl , Each quarter it is providing huge profits with assured dividends, so, guys I suggest to invest in this for huge returns.. and you can also see the chart patterns . The volume has increased a lot in last few days which is a good indication for the stock.
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
Irfc Short term holdIRFC looking good on daily timeframe, if w manage to hold the mentioned level i.e 23.15, we can also buy at red markers once it starts to move up after testing the marked level
Short term target can be up to life time high which is 26.7.
Hold Duration 2-2.5 months
Entry Price -23.15-23.40
SL- 22.5
TP-26.7
ROI~15%