IMFA - Breakout viewIMFA :
Resistance breakout done
Sustaining 820 levels is crucial for an alltime high
80.25 INR
3.95 B INR
27.54 B INR
14.17 M
About INDIAN METALS & FERRO
Sector
Industry
CEO
Subhrakant Panda
Website
Headquarters
Bhubaneswar
Founded
1961
ISIN
INE919H01018
FIGI
BBG000QL2RQ4
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 All Other segments. The company was founded by Banshidhar Panda and Ila Panda on November 20, 1961 and is headquartered in Bhubaneswar, India.
IMFA heading towards 1000?Date: 22 Sep’24
Stock: Indian Metals and Ferro Alloys (IMFA)
Timeframe: Daily
As mentioned in my idea posted on 10 Sep’24 (link is in Related Ideas section), IMFA seems to have completed Wave IV of 3 on 13 Sep’24 and begun Wave V impulse towards 950 as seen in the chart. It can very well go past 10
IMFA for 55% upmove Indian Metals and Ferro Alloys (IMFA) on daily chart seems to be in final stages of Wave IV of 3 which may culminate around 600 levels or has it made a bottom(?); only the next few sessions can confirm that. Wave V of 3 is likely to see price up move towards 930-940 levels (~55% jump from lows of wa
BUY TODAY SELL TOMORROW for 5%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
Indian Metals & Ferro Alloys Ltd Monthly BreakoutPrice action seems to have broken the resistance on monthly chart
Also a Cup & Handle pattern formed with a bear rejection candle for the current month
Good volume support
Improving fundamentals, sector tailwind (steel industry)
Indian Metals & Ferro Alloys Ltd - Breakout Setup, Move is ON...#IMFA trading above Resistance of 640
Next Resistance is at 1008
Support is at 463
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.
IMFA - 2 Months Consolidation / All TIme High BreakoutIndian Metals & Ferro Alloys Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (February, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with good volume in Weekly Time Frame - All Time High Clo
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
Long on IMFA Looks good, can add with strict stop loss for 5-7%.
This is for educational purposes only, trade at your own risk
Resistance BreakoutPlease 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
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of IMFA is 824.90 INR — it has increased by 2.96% in the past 24 hours. Watch INDIAN METALS & FERRO stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange INDIAN METALS & FERRO stocks are traded under the ticker IMFA.
IMFA stock has risen by 8.71% compared to the previous week, the month change is a 28.98% rise, over the last year INDIAN METALS & FERRO has showed a 58.65% increase.
IMFA reached its all-time high on Jun 11, 2024 with the price of 880.00 INR, and its all-time low was 45.95 INR and was reached on Mar 25, 2020. View more price dynamics on IMFA chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
IMFA stock is 4.75% volatile and has beta coefficient of 1.36. Track INDIAN METALS & FERRO stock price on the chart and check out the list of the most volatile stocks — is INDIAN METALS & FERRO there?
Today INDIAN METALS & FERRO has the market capitalization of 45.29 B, it has increased by 3.51% over the last week.
Yes, you can track INDIAN METALS & FERRO financials in yearly and quarterly reports right on TradingView.
IMFA net income for the last quarter is 1.25 B INR, while the quarter before that showed 1.13 B INR of net income which accounts for 10.58% change. Track more INDIAN METALS & FERRO financial stats to get the full picture.
INDIAN METALS & FERRO dividend yield was 2.34% in 2023, and payout ratio reached 20.51%. The year before the numbers were 3.52% and 23.95% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 28, 2024, the company has 6.04 K employees. See our rating of the largest employees — is INDIAN METALS & FERRO on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. INDIAN METALS & FERRO EBITDA is 5.93 B INR, and current EBITDA margin is 22.37%. See more stats in INDIAN METALS & FERRO financial statements.
Like other stocks, IMFA shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade INDIAN METALS & FERRO stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So INDIAN METALS & FERRO technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating INDIAN METALS & FERRO stock shows the buy signal. See more of INDIAN METALS & FERRO technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.