IRFC Hope is overNSE:IRFC
Many people wait for follow through buying but today support break with gap down.
one trendline breakout trap already happened.
now next support is 77.
Bull scenario
Again trap happen to support breakdown. (price go upside from tomorrow)
I know many people stuck at high price.
here is two options
1. wait and buy more at reversal (this option more painful when reversal not happen at first support at 77)
2. exit and find another opportunity
Please do your own research before talking
Irfctrade
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
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
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
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