IFGLEXPOR trade ideas
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
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
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.
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.
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