IFGL Refractories LtdShort term trade-1-2 month max
Buy between 610-620
SL- 575
target- 690-720
Note-For educational purposes.
IFGLEXPOR trade ideas
Triangle pattern at IFGLEXPORTriangle pattern at IFGLEXPOR
RSI oversold
Strong Resistance
Strong Support
Possible uptrend
IFGL EXPO Limited..IFGL Exports
IFGL Refractories
Superb Results came !!
I think flag breakout should come on next session and stock shud really perform well here on..
I have already mentioned my buy date and also my plan in this stock
#IFGL EXPO IFGL EXPO..
Companies or say leader company in refractories sector.
Chart is not bad at all.. its consolidating after a huge rally..
Rest , The chart is self explanatory and notes can help u decide..
Risk Reward Ratio favourable.
IFGLEXPOR - Ichiomku Breakout Stock Name - IFGL Refractories Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 380
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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IFGLBuy: Next open price
Sell: Will update, will review every weekend.
S/L: No need, will review every weekend.
IFGL GOOD SETUP IFGL can give good returns in long-term but don't forget to place your stoploss at 235
IFGLEXPOR trading near support zoneNSE:IFGLEXPOR BSE:IFGLEXPOR
Time Frame – Weekly
Observations :-
* Trading near fibbo 50% support zone
* Taking trendline support
* Consolidation & range formation possible between 240 – 300 zone
*Weekly 200 SMA strong support
* Dry volume seen. So Quick move may be possible
* If sustain above 290 then good upside possible
Resistance – 300 / 330/ 355 / 400 / 439
Support –270 -240 zone & Weekly 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
IFGL Exports: Consolidating in descending triangle patternIFGL exports is consolidating since last year and forming descending triangle pattern. Seems stock has create a good support around 240-250. Now trading on the verge of breakout level. Keep on radar for closing above 282. Can accumulate at CMP also.
Interesting for my beginner eyeObservation:
1. High Volume while moving up & going down with very less volume
2. Interesting support and pull back in 260 Price Range with good volume.
3. Bullish Sector
Note: I'm just a beginner in technicals.
Broken out Broken out and consolidating now Broken out and consolidating now Broken out and consolidating now
IFGL EXPORTS LTD (NO INDICATORS-ONLY PRICE ACTION) 1- Stock has been forming channel pattern and broken with good candle.
2- Almost seven touches at the top and three touches at bottom
3 - successfully retested with respect to my trendline
4- one can enter with stop loss of broken candle low
5- And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction)
6- still if you want to set a target then go with 1:2 or 1:3 risk reward
7- trade cautiously according to market condition (position sizing and risk management are the key thing in present market condition)
NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
Looks bullishCan give a good swing because of the trendline breakout and good volumes. CMP 312 Target could be 345.
IFGL Refractors || Fundamentally backed || Udega Stock?Hi fellow trader,
I have marked all the points I have considered and can see accumulation volume in the trade. It is a high reward low risk trade if played well post the channel breakout.
Keep your charts and mind clean! Shoot any doubts if you have.
Regards,
Abhishek Singh
IFGLEXPORAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Retest Completed Enter @ CMP Put SL below red line, Strength is volume and RSI do study fundamental chart showing strength for long.Target is (as per Emotions) Happy trading.
