INDIAN METALS & FERRO
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IMFA

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Scrip can be entered for SHORT post confirmation as it can attract selling pressure after posting unpleasant results --
moneycontrol.com/news/business/earnings-business/indian-metals-and-ferro-alloys-q2-pat-plunges-82-to-rs-7-cr-2418615.html
Enter below 635
TP - 628, 620, 600, 570, 550
MACD Short term average has already gone below long term average (Death Cross)
Nota
Scrip can be entered for SHORT post confirmation as it can attract selling pressure further after posting unpleasant results again for Q4 with PAT at 4.0 cr fallen at 94.05% along with sales crackdown

MACD short term average can already be seen retracing back before crossing long term average

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