anuragcoma15

IRB - Consolidation?

Short
NSE:IRB   IRB INFRASTRUCTURE
IRB may go for consolidation now. Its high in RSI and MACD is showing reversal in trend. Stock has also made a strong bearish engulf today.

CMP 338
Sell below 335
Target 315
Strict SL of 352 and Closing basis SL of 246
Trade active
Comment:
Keep SL of 236. Stock has more to dive. The trade is on. Target 222/ 215
Trade closed manually:
Stock is showing capability to bounce back soon
Maintain SL or book here
CMP 231.70
Booking at 232 will fetch 3 * 2500 = 7500
Personally booking at closing the trade as its moving very slow
Comment:
Wow. What a fall. Missed!

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