Entry: above 104.1
SL: low of BO candle
● Pattern: High tight flag
● EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
● Good up move of 35%
● Price again getting tighter along EMA10 & 20
● Dry volumes in flag
#IRFC trading above Resistance of 84
Next Resistance is at 108
Support is at 68
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
ascending triangle in daily chart
bullish engulfing candle is formed today
next target is 110.70 if the stock sustains above 103.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
IRFC
-CMP 103
-Huge Volume buildup near breakout zone
- On the Verge of #breakout
-Ascending Monthly CPR
-Price is above all major SMAs
-Support 96
-Consolidation indicate accumulation
entry above the sloping line
stop below the line
stock broke-out consolidation and formed a flag pattern
flap pattern breakout ( stock in bullish momentum )
IRFC showing positive price action. After retesting weekly breakout level, stock has broken the downtrend and headed towards 43-45 levels. In my view, this stock can also see 3 digits also if someone has holding capacity for 24-36 months.
Stock follows the flow of consolidation and boom
Good Business case study done by fundooprofessor blog,
The valuation is very low with respect to P/E
Will observe this for years
1. The Indian Government is undertaking several initiatives to upgrade its aging railway infrastructure and enhance its quality of service. The Railway Ministry has announced plans to invest ₹5,400,000 crore (equivalent to ₹57 trillion or US$720 billion in 2023) to upgrade the railways by 2030.
2. The National Rail Plan (NRP) is driven by a vision to augment...
Entry above 78.5
Targets: 95/110
SL: weakness below 75.5
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Price took support at EMA 50 and moving sideways above it.
#IRFC trading above Resistance of 68
Next Resistance is at 84
Support is at 45
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Market Cap: ₹ 1,21,036 Cr.
Stock P/E: 20.0
ROCE: 5.32 %
Company has delivered good profit growth of 25.3% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 30.7%
Shareholding Pattern for Sept 2023 is 27,03,000 out of this 86.36% are Promoters, 10.88% are Public and 1.14%, 1.63% are FIIs and DIIs respectively.
Strong Breakout on...
In 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...
