IRFC trade ideas
Best breakout pattern ! Irfc the future multibagger !!!Irfc has braked the past pattern and is strong by both views fundamentally and technically. Must enter into this at this point for higher dividends and returns.
IRFCRange break out seen in IRFC with Huge Volume , Abv 27 we can see Movement 32 / 36 /45+
SL 22/20.8
Abv Chart is For Educational Purpose Only.
IRFCIRFC is ready to blast last we can see the good rally in RVNL now it's time for IRFC it is trading in near 52 week high and can good abv 26.80 for the new target of 30 32.30 & 34 as you can see daily time frame stock is making double bottom W pattern which is good for breakout and if you can see the last day trading session a huge volume.
#IRFCin irfc chart we can clearly see this that chart form a triangle formation then break the range with good volumes
next year target above 49 Irfc is an Indian railway finance company , who is undervalued right now. The correct time to invest in irfc is this because it has crossed the last high . While , we look in for the fundamentals of the company it is far better as compared to irctc and rvnl , Each quarter it is providing huge profits with assured dividends, so, guys I suggest to invest in this for huge returns.. and you can also see the chart patterns . The volume has increased a lot in last few days which is a good indication for the stock.
IRFCWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Symmetric triangle in IRFCIRFC forms a symmetric triangle on a Daily chart basis, which is about to give a breakout as seen but the breakout candle is with more wick and so has to wait for an exact bullish breakout candle in the daily chart.
irctc long buyirctc long buy i have buy 5000 quantity @23.05
i will give huge profits... very very huge
Live Intraday Trading - Chart Logic- AMIORG | ITDCIn this video I plan intraday trades by looking at their charts & identifying the logic behind those trades.
Its Train TimeInteresting thing about this is, Its sibling stocks like RVNL and RailTel has also formed exactly similar pattern.
flag and parallel channel
Target - 24.65/26.40
SL: 22.30
Reason : All time high net profit in the last financial year and a dividend player.
IRFCBreakout tomorrow or in comin days is expected, 26.50 is short term target, can enter at current market price.
IRFC Bullish 1 DayIRFC can come in Bullish Trend.
Patterns Formed in 1 Day Chart
An inverted Head and Shoulder Pattern is formed.
A Triangle Pattern is Formed in a 1 Dayly chart.
Morning Star Pattern in 1 Dayly Chart
Pattern Formed in 1 Week Chart
A Triangle Pattern is Formed in a 1 Weekly chart.
Prices
CMP: - 23.80 rs
Dayly Target Price: - 25.2 - 26 rs
Weekly Target - 26rs + ( If breakout in Weekly Triangle )
Stop Loss: - 22.80 rs
#IRFC #indianRailway
IRFC Bullish long termCurrently IRFC in No trading zone. It will breakout on either side very soon.
If bearish then will go on forming AB=CD diamond pattern.
If Bullish then will go near 30 in coming months.
watchout for breakout. The targets marked on chart
Doji formation in IRFC...On the daily Chart, Dojio formation appeared again in IRFC share. Whenever it appears a good really was seen.
The target of 25.55 with stop loss 24
Great BuySwing trade with a lot of potential.
Wait for the break of counter-trendline before entering the trade.
Reasons to Buy-
1. Rising Channel
2. Bounce from the support of the channel.
