BUY TODAY SELL TOMORROW for 5%3 minutes ago
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Cup & Handle Breakout in IFGLEXPOR
BUY TODAY SELL TOMORROW for 5%
Trade ideas
IFGL (D) - Rejects at Key Resistance Despite Massive VolumeIFGL Refractories is currently at a critical inflection point after a dramatic but ultimately unsuccessful breakout attempt. Yesterday, the stock surged an incredible +18.35% on massive, multi-year high trading volume, piercing a key horizontal resistance trendline .
However, the momentum was not sustained. Today, the stock faced selling pressure and closed back below this critical resistance level, signaling that sellers are still active at this price zone. This price action follows a period of uptrend and consolidation that began after the stock's initial downtrend from its All-Time High in December 2023.
Overwhelmingly Bullish Underlying Indicators 👍
Despite the failure to hold the breakout, the underlying technical picture remains exceptionally strong:
- Universal Bullish Crossover: Both the short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are in a confirmed bullish crossover state across the monthly, weekly, and daily charts .
- Volume Thrust: Yesterday's massive volume spike indicates a significant level of interest in the stock, even if it resulted in a short-term rejection.
Outlook: Awaiting a Confirmed Breakout
The stock is in a classic battle between strong underlying momentum and a stubborn overhead resistance. A decisive and sustained close above the resistance line is now required to confirm the next leg up.
- Bullish Case 📈: If buyers can overcome the selling pressure and secure a confirmed breakout, the next potential target is the ₹342 level.
- Bearish Case 📉: If the resistance continues to hold and momentum fades, the stock could pull back to find support near the ₹237 level. The price action in the coming days will be crucial.
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.
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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




















