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.
Irfctrade
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