Sunandamedi

IRB INFRA - PRICE UP!!

Long
NSE:IRB   IRB INFRASTRUCTURE
93 views
3
WHAT IS THE POSITIVE NEWS?

CHART INDICATES RS 160 LEVEL.

KEEP STOP LOSS @ 120.

Comments

Stock is in downtrend, so its better to go for short one for the target 122/113. sell on rise.
Reply
Sunandamedi ShreeGanesh_1991
@ShreeGanesh_1991, THANK YOU.

THE INFERENCE WAS FROM THE ICHIMOKU INDICATOR SIGNALS & THE PATTERN DEVELOPED.

AGREE THAT THE TREND IS DOWN, BUT ICHIMOKU GIVES ADVANCED SIGNALS.
Reply
ShreeGanesh_1991 Sunandamedi
@Sunandamedi, RSI is 35, so I will not take any risk here. Lets say you are right, then also I will consider it buying at or less than 122 level with a clbs sl of 117.4
Reply
Sunandamedi ShreeGanesh_1991
@ShreeGanesh_1991, MONEY FLOW POSITION ALSO ONE OF THE FACTORS CONSIDERED. THANKS FOR YOUR VALUABLE COMMENTS!!
Reply
ShreeGanesh_1991 Sunandamedi
@Sunandamedi, I dont know anything about "MONEY FLOW POSITION", I will read it. Thanks :)
Reply
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