IRB - Bullish BreakoutThe stock has crossed its minor resistance level with good volumes.
If the follow through happens, and the stock sustains levels of 177, the trade can be initiated with a target of 194 and 215.
The stop loss can be maintained at 170 levels.
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IRB
IRB Infrastructure Developers Ltd longIRB Infrastructure Developers Ltd. engages in the construction and maintenance of roads and highways. It operates through following segments: Built, Operate &Transfer (BOT), Toll Operate & Transfer (TOT) and Construction segments. The BOT & TOT segment focuses on operation and maintenance of roadways. The Construction segment engages on development of roads. The company was founded on July 27, 1998 and is headquartered in Mumbai, India.
what your views guys.
comments below
Irb Infrastructure Developers Ltd ShortA divergence is seen between RSI and price , with RSI showing a downturn and price going higher. Expect some correction. But the long term view is bullish as is evident by long period of consolidation and increase in volume.Also RSI jas been around 80.
Do let me know what u think ?
IRBNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
#AAVAS 2422.35 #Target 2674(10%+) #stocks #tradingpsychology #IT #AAVAS
NSE: AAVAS
CMP 2422.35
Target : 2674
SL 2263
RR Ratio > 1.5
Time Frame < 30 D
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is Rs. 3225
This might take around 9-12 months from now.
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#RAYMOND CMP 385 Target 583 (50%+) #NIFTY #BANKNIFTY #stocks #it#RAYMOND
NSE: RAYMOND
CMP 385.65
Target1: 476
Target2: 583
SL: 359
TimeFrame: <5-6 months
Can hold for a longer term. Price from now might double.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
IRB - Wedge patternNote: This is for educational purpose only.
There is a wedge chart pattern formation on daily charts. In such case, there can be an upper or lower breakout. Best is to wait for the price to break out in either direction. RSI is below 50 so momentum seems to be bearish but this alone should not be used to determine the breakout.
Long term support and resistance and support are plotted too. Best would be to either wait for Wedge pattern breakout or the price to reach support or resistance and based on the price action take a trade.