Breakout Done.
Consolidation also done.
Good for Short term.
Target 190.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
NSE:IRFC Time for railways stocks to start catching up. As the election starts approaching we are going to start seeing a booster in railway stocks. IRFC is a strong name. Targets are intact. STOP LOSS IS UP TO YOU GUYS. Please average in or have a strict stop loss. Do your own reserch. No buy sell reco
Disclaimer: I am not a SEBI registered Financial Advisor and the analysis provided below is for educational purposes only.
Indian Railway Finance Corporation (IRFC) has been a hot topic in the stock market recently, with its exceptional performance over the last 52 weeks. As of 15-03-2024, the stock closed at 136.95 after reaching a high of 192.8 during this...
IRFC weekly chart looking in strong up trend . now irfc is trading in a range from last two week.
if irfc gives a breakout after budget . we can consider above 185.
Irfc was consolidating right from its listing in 2021. However, few months back, it gave a huge breakout from its supply zone of 25 to go upto 37 levels.
It has recently given a retest of same level and going up to test the levels of 37 again.
If 37.1 is broken, a higher high, higher low trend can be confirmed on weekly basis and it will indicate that a bull run...
A breakdown of the process:
Identify Previous Price Levels:
Look for areas on the chart where the price repeatedly bounced off a certain level (support) or struggled to break through a certain level (resistance).
Mark these levels on the chart with horizontal lines.
Draw Trendlines:
Connect a series of higher lows to identify an upward trendline (acting as...
IRFC has given a fresh breakout after many days of consolidation.
This is also backed by a good number of volumes.
Also, there is money flow in this stock which gives clarity to the setup
Strong momentum can be seen above 88
Entry - at CMP & add till 78 ( also till 88 )
SL - 78 and 76
TGT - take 10% and keep trailing SL
-- DISCLAIMER --
I am not a...
IRFC has been in a nice uptrend.
Here I have my EW count from the 26th October, 2023 low.
IMO it seems to be in the final stages of wave 3 in red, wave 3 of 5 of 3 to be precise.
Will update the count later as it plays out.
Thanks for reading!
