Multi year breakout with good volumes.The stock recently achieved a multi-year breakout, and this breakout was notable for its substantial trading volumes. Such a breakout suggests a significant shift in the stock's long-term trend, and the strong volumes add credibility to the move. Traders and investors often find multi-year breakouts
2.41%
37.35INR
2.253BINR
26.495BINR
21.133M
About INDIAN METALS & FE
Sector
Industry
CEO
Subhrakant Panda
Website
Headquarters
Bhubaneswar
Employees (FY)
6.071K
Founded
1961
ISIN
INE919H01018
Indian Metals & Ferro Alloys Ltd. engages in the production of Ferro alloys. Its manufacturing cycle comprising of chrome ore mining, power generation and Ferro alloys smelting. The firm operates through the following segments: Ferro Alloys, Power, Mining and other. The company was founded by Banshidhar Panda and Ila Panda on November 20, 1961 and is headquartered in Bhubaneswar, India.
IMFA For Swing Trading IMFA Prediction for Swing/ Posional Trading
Entry 1 was at breakout level 465. This level almost retested. You can enter into trade above 495 or you can entry according to your experience.
Sls- according to you RRR.
Targets- 525,555,585,615,646,675,705,735,…,… (more will be updated later if need
Cup pattern breakout with good volumes.The stock recently experienced a breakout from a cup pattern, and this breakout was notable for its strong trading volumes. Importantly, during the formation of the cup pattern, there was significant accumulation accompanied by good volumes.
The cup pattern breakout, combined with volume analysis,
Wedge Pattern Breakout - IMFAPlease 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 n
IMFA Bullish; above 410 on Thursday 21st Sep IMFA Bullish; above 410 on Thursday 21st September.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmo
IMFA - Ichimoku BreakoutStock Name - Indian Metals & Ferro Alloys Limited
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
BUY TODAY SELL TOMORROW for 4%ON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades (high momentum stocks) 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
See all ideas
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