IRFC after having a stellar run from December 2023 made a high of 192.80 on 23 January and started falling from then on.
It broke the triangle formation with less than average volume on 23rd April.
The region between 148 and 152 which was the resistance zone was finally broken with good volumes on 26th April.
Safe traders can wait for a pull back between 148 -152...
IRFC ran lot and still on fire as per chart analysis
Trade plan as per the chart
Have taken a position by keeping trendline breakdown as stoploss
135 can be stoploss for risky traders
Hi Folks !!!
IRFC is again in momentum and ready to touch its 52 wk high soon. The CMP is 158. buy IRFC for the target of 190 with SL of 145. The target is long, so holding time may be long.
📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF IRFC
• Potential Breakout Chart
• VCP Pattern
•...
IRFC Daily TF
CMP 147
stock trading in a tight range of 140- 150
Breakout above 150 with volume can see targets in black lines
Breakout candidate.
Disclaimer : For educational purpose only no buy sell recommended.
Hello & welcome to this analysis
After a super run in 2023 its now in a retracement with support at 130 and below that at 100.
Resistance is at 155 and then 165 - sustaining above these levels it could see a decent upside in the medium to long term
Happy Investing
Date : 2-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 144.80 (on 1-Apr-2024)
Targets: (1) Rs. 164 --> (2) Rs. 192 --> (3) Rs. 240
SL : Rs. 135
Technical View:
• NSE:IRFC is in its primary uptrend since Aug-2023 and was recently going through it's secondary downtrend.
• After touching the high of 192.8 on 23-Jan-2024, it has retraced 39% to 116.65...
daily chart formed bullish a pennant flag & falling wedge pattern.
may consider only after a buy candle conformation.
This analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Try paper trading for candlestick patterns.
Buy above 145.00.
Maintain strict stoploss 120
I'm not a sebi registered analyst, just for educational purpose.
