IMFA 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...
IMFA 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
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...
Good 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.
Very 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
Introduction:
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...
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 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.
