Indian Metals and Ferro Alloys LtdTrendline broken, retaking support
RSI at 65
Go long
Stop loss at 465
Hold for 512, 532
IMFA trade ideas
#IMFAthe circle shows on each time how traders were snapped out of their position on either side. now on crucial support. looks like metals will go down further as CB's world over wants to curb inflation !!!
IMFA (INDIAN METALS) All detail for chat. good entry at mark price only. and must stoploss is 390 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
Indian Metals & Ferro Alloys Limitedbreakout with very high volume in Indian Metals & Ferro Alloys Limited
#IMFACrossing 459.70 for upside
Zone for accumulation on Intraday between 408 - 459.70
Q1 RRG
All in momentum
Worth for Intraday Pullback entries!
IMFA - Sector TailwindsWith significant sector tailwinds the stock might be close to breaking out.
Initially take a 50% position above 453 and then look to double up above 475.
Stoploss for the trade 425
Indian Metals and Ferro Alloys- Multiyear BreakoutIndian Metals and Ferro Alloys Limited (IMFA) is a leading, fully integrated producer of Ferro Chrome in India which is primarily used in the production of stainless steel. It was set up in 1961.
IMFA: Short term view; BullishAs of now this is the safest stock upto Jan(thier record date of bonus)
Technical: 1. Price is above the cloud and Lagging span above the cloud and candle close
2. Daily MACD crossover
3. Daily RSI positive
Fundamental: 1. Bonus candidate
2. Last qtr result was good
3. Half Yearly EPS is 90+
4. Southafrica affected by covid. They are the top producer of Ferro chrome. So ferro chrome price may go high.
It can go above the given target levels. CMP(when posted): 803
Vijayaraghavan.K,
RKV Fin,
Kovilpatti.
Indian Metals And FeATH
Breakout With Marubozu Candle
Volume increased
5 months consolidation
Only for educational purpose
IMFA Trendline breakoutwatch this for trendline breakout, continuously trading just below the trendline. for a safer bet one can enter above 836 level to confirm higher high pattern for a potential 20% upside.
IMFA | 25% upside potential | Good R:R setupCMP- 785
SL- 740 close basis
Target - 980-1000 levels
17/8/21
- Breakout and retracement above previous ATH levels-
- Support zone 740-800 levels
- Above all major EMA
- Volume surge on breakout with weaker pullback
- Delivery VOL in pas days have been exceptional
- Long wick candles at support level indicating buyers standing there
-
- Fundamentals positive
IMFA..MONTHLY BREAKOUTmetal Sector on fire ,as metal sector moves is cyclic in nature!! this script take time but defiantly achieve it target
RSI IS BULLISH
ALL INDICATOR SUPPORTING THIS MOVES...
HOLD FOR MINIMUM 1YR
RESISTANCE BO / W PATTERN / MONTHLY BO Montly resistance broken with strong green candle and volume. Its still a buy above 980 day high for short term target of 1500
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level
as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
IMFA breakout after 11 years The metal sector looks strong right now and the breakout candle is strong with good volumes.
IMFA,another low risk high reward setup for learning and earningHello traders,
IMFA gave a beautiful range/resistance/all time high breakout, and looking promising for swing.
a beautiful setup to keep in radar. check reasons for entry in chart.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
IMFA M TF INDIAN METALS MONTHLY CUP PATTERN LOOKING GOOD IF CLOSES AND SUSTAINED ABOVE 830 TARGET 1200++
IMFAIMFA: Looking Good
Trend Line Breakout Sustaining/Closing Above 700
Rounding Bottom Pattern Breakout Sustaining/Closing Above 735
