IRFC HAS BROKEN OUT OF A TRIANGLE. TIME TO BUY
Updated
IRFC after having a stellar run from December 2023 made a high of 192.80 on 23 January and started falling from then on.
It broke the triangle formation with less than average volume on 23rd April.
The region between 148 and 152 which was the resistance zone was finally broken with good volumes on 26th April.
Safe traders can wait for a pull back between 148 -152 to initiate trade for a Target of Rs 190.
It broke the triangle formation with less than average volume on 23rd April.
The region between 148 and 152 which was the resistance zone was finally broken with good volumes on 26th April.
Safe traders can wait for a pull back between 148 -152 to initiate trade for a Target of Rs 190.
Note
Waiting for a retest or atleast a pull back. Did not get it today. Will wait for tomorrow.Note
Entered @156.6. Had FOMO and entered early. Could have waited a day more to get a better price. Still up 12% from buy price.Trade closed: target reached
Made a High of 191.65.
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