IFGLEXPORIFGL REFACTORIES looking good at 470 and stock has fallen 50% from highs due to results and now CAPEX is planned for 300cr..
๐๐๐๐ ๐ฅ๐ฒ๐ณ๐ฟ๐ฎ๐ฐ๐๐ผ๐ฟ๐ถ๐ฒ๐ ๐๐๐ฑ announced the incorporation of a new joint venture company, ๐๐๐๐โ๐ ๐ฎ๐ฟ๐๐ฒ๐น๐ ๐ฅ๐ฒ๐ณ๐ฟ๐ฎ๐ฐ๐๐ผ๐ฟ๐ถ๐ฒ๐ ๐๐ถ๐บ๐ถ๐๐ฒ๐ฑ..
This JV, with Marvels International Group Co Ltd & Marvel Refractories (Anshan) Company Limited, will set up a greenfield facility in India..
IFGLEXPOR trade ideas
IFGL Refractories long near 435 set alertits a bit far off so if i forget im setting an alert at 435 to enter for long term
company delivered 50%+ increase in sales last 5 years consistently and 100pc profits cagr
going ahead the guidance is conservative at 25/27 % cagr for sales
we all love a company that overshoots its targets considerably ahead of time
if the execution is on track will be a very very good long term story
next level in stock1) runway gap in chart
2) 435 to 530 range of the stock trading from last 94 session
3) stock enter new stage
4) stop loss of 525 or below this level and target of 820 but one sentimental resistance in stock 600 level
5) SMA 20 495 , SMA 50 489, SMA 200 346
6) no recommendation for the stock buy or sell
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
IFGL EXPORT- BUYOn weekly chart making higher high and higher low.Near to long term support.company fundamentally is zero debt high promoter holding of 74%, EPS annual of 19.56 dividend yield of 2.76% and PE of 12.76. It can be considered for portfolio building and accumulation has a reasonable fair value of 350.
IFGL--BUY LONGSThis metal company's EPS TTM is 20.42 INR, dividend yield is 2.53%, and P/E is 13.46 and zero debt. currently in wave 3(2) once crosses 287 will show real power as it would be 3rd of 3 wave and fibo ext is showing trg of 338/269/388, currently in flag formation and share getting accumulated. Buy at every dip .
IFGL--BUYIn refractories business EMA10,20,50,100 RANGE FROM 160-262 ,EMA 200 269. Contracting triangle forming base at 258-262 range buy with a stop of 254 , soon to breakout of contracting triangle. Look at RHIM which is trading at 870 range in same business promotor holding of more then 70 % in both the companies in IFGL institution also hold 11 % and share available at PE of 12.90 and EPS of 21.. while RHIM is nearly the same but PE is very high of 39 result-sell RHIM buy IFGL as soon breakout stock.