Note: 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...
FOLLOW TRADE AT YOUR OWN RISK
IT IS IN BULL FLAG LET AT LEAST 30 MINUTE CANDLE BE CLOSED ABOVE TREND LINE TARGET GIVEN STOP LOSS 111.05 ON CANDLE CLOSE BASE
NSE:IRB is forming Wolfe wave Bullish pattern. With Stop of 95 stock can be accumulated for target range around 145-150 Knowing election result is on the way. Stop Loss is must have.
IRB Cmp 147.55 In the current run up we observe the stock having more up days with strong buying and volumes are less when stock is in the red. - a classic scenario to enter long position especially on dips for medium term - levels are mentioned in the chart Take care & safe trading...!!!
Buy only if it crosses above 131.5 TGT 1 - 137 TGT 2 - 144 SL - 122 The move is also supported by the increase in volume Once the stock crosses above 55 EMA, a huge move can be expected
Buy IRB on dips with targets of 139/149 with sl at 108.
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Sell Irb Infra with a SL of 133 and target of 125.1 Disclaimer : All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should...
Looks like IRB will resume the fall post the pullback from 120 levels. Looks like the pullback is over, confirmed by the pullback trendline breakdown on Friday - 18-Jan. Next immediate target looks like 138. Keep a Stop at 155.
IRB is in the process of Accumulation Our buy will be after a test of sellers SL below the Test Low
The stock is taking strong support at 182-183 levels since 2014
The price action has nicely formed Rectangle Pattern it looks that demand is emerging at this level so one can buy the stock with SL of recent low. In case of close below the lower boundaries one should immediately close the trade even aggressive traders can initiate short trade but that does not seems to have good chances of target as there is support nearby....
Hi Traders, We have spotted a potential harmonic BAT pattern on IRB hourly chart. BAT Pattern isn't yet completed. We will wait for completion of the pattern to get engaged in this trade. Price may take few more days to reach D leg of the pattern. We will keep updating the idea. If you have any suggestions/queries, please free to comment down below. Thanks, Safri