IRFC - Railway rally to Resume ?IRFC has shown a good move today after a healthy correction and looks set to resume its rally.
After a brief fall, it has consolidated above the 0.618 levels with a hint of bearish sentiment.
However, todays closing with good volumes makes it a good setup to go long with a good risk reward ratio.
Keeping 1 ATR as SL. I would avoid to keep any target in this trade because this stock is known to give big up moves quickly and would prefer to keep moving my TSL up if my view turns out right.
IRFC trade ideas
IRFC getting one more boost SOONVery good and clear movement can be seen when we talk about IRFC.
1 - Last time before showing a big up movement it took around 18-20 days and this time also it has taken about 20 days.
2 - This time it will keep consolidating till 23rd oct, then a big up movement for 5-7 days are possible.
3 - 77.25 is the major resistance and once above it then the big movement after 23 Oct is for sure.
4 - Not be surprised if it touches 120+ Before Oct end
IRFC BULLISH MOVE WITH CUP AND HANDLE PATTERNRVNL BULLISH MOVE WITH CUP AND HANDLE PATTERN
Theory :- The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with sharp "V" bottoms.
Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
The target with the cup and handle pattern is the height of the cup added to the breakout point of the handle.
#IRFC INTRADAY TRADE SETUPGreetings Folks,
today i have prepared a setup of IRFC on NSE
the analysis is as follows
- the price broke out of a minor bearish structure
- price is currently on a support resistance flip zone
- the price can take support here or will migitate the zone below as marked
dont play with fire, always use a predefined stoploss
#IRFC INTRADAY TRADE SETUP Greetings Folks,
today i have prepared a setup of IRFC on NSE
the analysis is as follows
- the price made a retracement
- now following a dynamic resistance and support
- i have also marked the S NYSE:R flip zone
- can breakout either side
dont play with fire, always use a predefined stoploss
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
Indian Railway Finance CorporationCompany is a funding arm of the Indian Railways for mobilizing funds from domestic and overseas Capital Markets. IRFC is a Mini
Ratna I and Schedule A Public Sector Enterprise under the admin control of Ministry of Railways, Govt. of India.
Clientele: Company extends loans to other entities of MoR, viz., Rail Vikas Nigam Ltd and IRCON International Limited.
We should take a little quantity at very decent dip. But RSI indicating stock trading in over bought zone so we should wait to take fresh entry till cool of the stock. It is my point of view according my analysis it is not any recommendation so be safe and do your study before the investing.
#longterm #Fundamental #technical #Penny stock #PSU
#IRFC MID-TERM potential trade setupGreetings Folks,
today i have prepared a extended analysis of IRFC on nse
the analysis is as follows
- there are 2 entries possible which i have mentioned in the chart
-i have marked the 2 imp zones also which will act as important supports
this setup might play in 2-3 days also
dont play with fire, always use pre defined stoploss
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
IRFC WeeklyIRFC About to Give Strong Breakout.
Indian Railway Finance Corporation (IRFC) was set up on 12th December, 1986 as the dedicated financing arm of the Indian Railways for mobilizing funds from domestic as well as overseas Capital Markets.
IRFC is a Schedule ‘A’ Public Sector Enterprise under the administrative control of the Ministry of Railways, Govt. of India. It is also registered as Systemically Important Non–Deposit taking Non Banking Financial Company (NBFC – ND-SI) and Infrastructure Finance Company (NBFC- IFC) with Reserve Bank of India (RBI).
In more than 30 years of existence, IRFC has played a significant role in supporting the expansion of the Indian Railways and related entities by financing a significant proportion of its annual plan outlay.
Only for educational Purposes.