(IRFC) NSE STOCK ANALYSIS 17/03/2022
This is an update of our past analysis which is linekd bellow.
Technical analysis:
There exist a double bottom candle pattern formation on the daily chart which is the sign of trend reversal and bullish trend start
Fundamental analysis:
The stock seems to be undervalued as it is very close to its pegged values.
It is a semi-government company which means, if the price falles bellow the pegged price then there are chances of merger arbitrage and liquidation of the entire company.
Such an event is very very rare as this company is responsible for the Indian railway financial contacts and beaurocraces and at the event of its liquidation government may step in and prevent its happening so it seems to be a very safe buy for us.
We should keep in mind that this script may move slowly and the value appreciation may take some longer time as compared to other low liquid and higher volatile stocks.
There are total of 3 Targets as previously defined
Market may follow to the targets with some trend corrections.
Technical analysis:
There exist a double bottom candle pattern formation on the daily chart which is the sign of trend reversal and bullish trend start
Fundamental analysis:
The stock seems to be undervalued as it is very close to its pegged values.
It is a semi-government company which means, if the price falles bellow the pegged price then there are chances of merger arbitrage and liquidation of the entire company.
Such an event is very very rare as this company is responsible for the Indian railway financial contacts and beaurocraces and at the event of its liquidation government may step in and prevent its happening so it seems to be a very safe buy for us.
We should keep in mind that this script may move slowly and the value appreciation may take some longer time as compared to other low liquid and higher volatile stocks.
There are total of 3 Targets as previously defined
Market may follow to the targets with some trend corrections.
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