~~Personal views on IRB INFRA~~

~Neutral on IRB INFRA as long as price remains inside the channel.
~Price is moving in the sideways channel for more than 6 months now. Any move on the upper or lower side will be significant.

~Yesterday gave a close above 200D SMA with good volumes as compared to previous sessions.
~Strong support levels around 100 (Tested Multiple Times).
~Strong resistance around 119 and 128 levels on the higher side.
~A good candidate for medium to long term investment.

~~Do your own analysis before investing~~
~~Feel free to share your views and learning’s~~


on 2nd june broke resistance levels as mentioned above. can take a position. what could be the target and time
GaganSingh10 pjmohangitam
Today’s volume was good enough to break the above resistances and close above it. Immediate target now can be 139, which is a previous swing high.

In medium term (3-6 Months), with gradual increase in infra activities, targets upto 155-170 looks promising.

Even if it comes down, 100-110 levels are good to accumulate. I have a long position from 108 levels.

Wait for the price action in coming days, let it take support at the breakout levels which will further confirm the breakout.

~~Do your own analysis and consult with your financial advisor before investing~~
pjmohangitam GaganSingh10
@GaganSingh10, Thank you for your great information
GaganSingh10 pjmohangitam
@pjmohangitam, You are most welcome.
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