IMFA trade ideas
IMFADaily Chart
-Coming out of a large base with good volumes
- Looks good for swing/ positional trade if sustains above breakout level on WCB
imfa
- Stock is trading in the cup and handle pattern.
-Stock break and sustain above 575 Next level to 700/800 levels .
-Support is near 470 level on chart.
INDIAN METALS AND FERRO ALLOYS, 20% opportunity..trgt 545IMFA, is on a upswing till 545 thats an opportuinty for 20%.
this would b a swing trade.
we could easily see 2017 highs of 640...
IMFANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
IMFA - 1W TF - Inverse Head & ShouldersA POTENTIAL Inverse Head & Shoulders pattern forming on Weekly Chart of IMFA. BUY 270, 285, SL 224.9, Target(s) - 340, 360, 380, 400. It has to cross the swing high of 283.4 and above 285 for the breakout. Measurement = 185. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
INDIAN METALS & FERRO ALLOYS LTD....Cup & handle ...INDIAN METALS & FERRO ALLOYS LTD..
Charts only for study purpose ....
@Raajjhesh
One Right Trade's Swing Trade Idea #187 : Long on IMFAThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
IMFA // LONG CALL / For Aggressive Traders OnlyCall for Wednesday July 29th 2020 // This is a swing trade call and not an intra-day trade //
##This trade is for aggressive traders only##
NSE: IMFA (Indian Metals & Ferro Alloys)
CMP / LTP: 175.4
IDEAL BUYING RANGE*: 169
TARGET: 210 (Min 20% & above)
STOP LOSS: 160 (10 % Max) around
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects after my buy call. If u don't want an aggressive trade, you can wait for a "possible"
(not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5% range). This way the Risk Reward can be improved and profit
can be maximized.
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades, but if SL / Target are not triggered and you still wish to hold the trade, this can be
done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
- This is a swing trade call and not an intra-day trade
Disclosure: I may or may not have a position in this trade.
Dislcaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
IMFA Accumulation Zone Indian Metal & Ferro Alloys - IMFA is available at great bargain price
this stock can be accumulated from current levels i.e. 110 till 78
It has recently hit 90 level and that is great support for now breaching which it can see levels of 78
However one should consult their financial advisor before making any
decision to buy or sell equities
#IMFAThe high of the strength candle touches the indecision zone and couldn't cross it with strength
IMFA Scrip can be entered for SHORT post confirmation as it can attract selling pressure after posting unpleasant results --
www.moneycontrol.com
Enter below 635
TP - 628, 620, 600, 570, 550
MACD Short term average has already gone below long term average (Death Cross)
Watch Out for Cup and handle Breakout!After a Short Term Correction this stock is getting ready to get on the Up Trend! Look out for the Target of 700 to 750 after the Cup and handle Breakout!
IMFA-WeeklyWith fine fundamentals, it has taken a support at 0.618 Fibonacci retracement level. Low volumes.
A minor resistance in 580-590 band. Crossing this band may take it north towards 840-850 levels.
IMFA: Looks good.All mentioned on Chart.
Go Long: In Between @ 544 to @ 553
Target / SL/ Best BUY (more BUY) on Chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share , If useful & enriched your knowledge.
With warm regards.
DSKF16.
Cup & Handle on IMFA monthly IMFA is an investment cadre stock.
It is forming Cup and Handle pattern.
Handle break out has occurred at 61.8% swing retracement.
If the pattern is correct and we measure the target it can give roughly 700 points from the handle break-out.
Target comes around 1100 level.
Kindly confirm at your end before investing your valuable money.
