High targets expected It's creating a very good swing pattern you can analyse and invest according to your knowledge.
IMFA trade ideas
IMFA - Breakout tradeThe stock is poised for a breakout move above it's all time high. Trend and RSI Momentum intact.
My SL would be strictly at 624, target - 711.
Right angled descending broadening wedge patternIMFA formed a right angled descending broadening wedge pattern. This is a bullish pattern with bullish breakout happened three sessions earlier. Price inched higher than the breakout candle high today forming an ideal entry today with stop loss just below breakout candle low. There was high volume during breakout and prior to formation of the pattern indicating buyers are out there. Target can be the size of wider side of broadening wedge.
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IMFA | BreakoutIMFA is under breakout . Consider buying only after getting a closing green candle above the trend line. Target and Stop loss mentioned
Disclaimer: Education Purpose Only
IMFA: Micro Cap Gem - A Favorable Outlook for Potential Swing International Mining and Fertilizer Association (IMFA) is emerging as an intriguing opportunity in the micro-cap segment, presenting a promising narrative for swing traders seeking short to medium-term positions. The company's recent performance and chart indicators indicate a conducive environment for potential gains in the near future.
Key Highlights for Swing Traders:
Technical Momentum:
Chart Patterns: IMFA's charts reveal notable technical momentum, with key indicators suggesting favorable conditions for a swing trade. The stock's recent price movements and potential breakout patterns are catching the attention of traders.
Micro-Cap Potential:
Untapped Opportunity: Being a micro-cap, IMFA holds the potential for swift and significant price movements. Swing traders often find such stocks attractive for capitalizing on short to medium-term trends.
Market Sentiment:
Positive Catalysts: Positive sentiments surrounding IMFA, potentially driven by company-specific developments or industry trends, contribute to the stock's appeal for swing trading opportunities.
Volatility Advantage:
Price Swings: Micro-cap stocks often exhibit higher volatility, providing traders with opportunities to benefit from price swings within relatively short timeframes.
Sector Dynamics:
Industry Resilience: A closer look at IMFA's industry and sector dynamics may reveal resilience and growth prospects, further supporting the case for swing trades in this micro-cap gem.
As swing traders evaluate potential opportunities in IMFA, it is crucial to conduct thorough research. This includes an analysis of both technical indicators and fundamental aspects to make well-informed trading decisions. Additionally, staying updated on market conditions, monitoring for potential catalysts, and employing risk management strategies are essential for successful swing trading endeavors.
While micro-cap stocks can offer exciting trading prospects, it's important to note that they come with inherent risks. Swing traders should approach IMFA with diligence, utilizing technical analysis tools and considering individual risk tolerance. Consulting with financial professionals or advisors can provide personalized insights for crafting effective strategies in the dynamic realm of micro-cap swing trades.
IMFA trying to break its 52wk high levels.If Indian Metals Sustains above 500 levels in next week,
it can easily rally for 25% up side.
Indian Metals & Ferro Alloys for investmentGood fundamentals
Company has reduced debt.
Stock is trading at 0.71 times its book value
Stock is providing a good dividend yield of 4.17%.
Company is expected to give good quarter
Good to accumlate around 200 to 250,
SL 170 CLB.
Saptarish Trading
Views are for education only, not a SEBI registered advisor.
IMFA BSTVery big breakout of resistance
Previously it gave breakout but price was not able to sustain, now it looks like it might sustain
mcap 2570cr
stock pe 9.23 vs industry pe 12.5
cmp 476 vs book value 379
dividend 2.10%
debt to eq 0.18
promoter holding 58.7% vs 58.88% in MARCH 2017
bought yesterday
💥Indian Metals & Ferro Alloys Ltd💥- Nice Breakout 💥Indian Metals & Ferro Alloys Ltd💥- Nice Breakout
Capital to be deployed- 20k
Investing Price -420-425
Breakout Price -419
Stoploss-335
Targets -587-625-1625
RT for max reach.
#imfa #StocksToBuy #stockstowatch #stocks #StocksInFocus
Potential Uptrend for IMFAIntroduction:
In this analysis, we will be discussing the recent price action of IMFA and the potential for an uptrend. We will be using both the daily and monthly charts to gain a better understanding of the current market sentiment and the potential for future price movements.
Daily Chart:
The daily chart shows a clear breakout above the trendline that formed the elevated step. This breakout is a bullish sign and suggests that the price may continue to rise. The daily RSI is also above 50, indicating that the price is currently in an uptrend.
Monthly Chart:
The monthly chart shows a clear support and resistance band. The support band and the resistance band is at around 436. The price is currently trading above the support band, which is a bullish sign. Additionally, the monthly RSI is above 50, which also indicates that the price is currently in an uptrend.
Conclusion:
Based on the analysis of the daily and monthly charts, it appears that there is potential for an uptrend in the price of IMFA. The breakout above the trendline and the monthly support and resistance bands are both bullish signs. However, it is important to note that past performance is not indicative of future results and that investors should always do their own research and consult with a financial advisor before making any investment decisions.
Buy Now or Regret Later 🤑🚀🚀🙏🙏Bullish ....
Moon Very Soon . 🚀🚀🚀🚀
After a good rally and just retesting and take your entry around 270 and wait for the Mon .. clear 20-25% Upside Move ..
IMFA 100% returns in one monthIMFA almost doubled in one month. Shared on 23rd June on Trading view and now see almost at 1000 levels. Partyy!!
Buy IMFAIMFA has given multiple top breakout at all time high. It has broken resistance after 4 years. Very good stock for long term investment. Short term targets are mentioned in the chart with SL.
Long term targets - 1221, 1921, 2622 and 3055. Please keep SL as per possible reward and your own risk appetite.
View - Long term
Duration - 2 Years.
Powerplay trade - clear breakout - ride with the trendPowerplay is a shallow consolidation post significant up move.
IMFA returned from supportRebounded from 8/1 support, broke descending angle pattern, crossed 4/1. May go above 400 on monday.
Will go back to 400 immediatelyThe support at 371 has been broken today, but it is hoped that 400 level will be achieved in a couple of days.
