NSE:IRB may go for consolidation now. Its high in RSI and MACD is showing reversal in trend. Stock has also made a strong bearish engulf today. CMP 338 Sell below 335 Target 315 Strict SL of 352 and Closing basis SL of 246
IRB is facing resistance and might give a chance to short Short IRB below 234 Target 222 / 208 SL - 242
IRB, stocks lies in Whipsaw region, Giving a nice Trade Setup : For Long Setup: Buy Above : 242.50 Target : 259.50 Stop Loss : 237.50 For Short Setup: Sell Below : 232 Target : 224.50 Stop Loss : 238.50 Trader's Can Delta Out there Options Position for Hedging
IRB infra looks like bottoming out, stopped making lower lows. we can see positive RSI divergence and downwards trend line breakout. Trade set up like will Try to accumulate once its close above 220 in daily chart. then will see that stock will start to trade above 200 Day moving average. long term target for 270+ by keeping stop loss close below 203.
MACD cut and the Stochastic in over sold region will help to price move up. Target range is 218-220. if it breaks above 220 on closing basis, further move up to 227,234. (see like this SREI infra view on yesterday posted, today hit 5% profit) Vijay, INDITRADE, Kovilpatti.
IRB Infra CMP 228 Observation - Story between Jan 2014 to June 2014 The lyrics of the song Highway Star by Deep Purple sums it up perfectly... Nobody gonna take my car I'm gonna race it to the ground Nobody gonna beat my car It's gonna break the speed of sound Oooh it's a killing machine It's got everything Like a driving power big fat tires And everything I...
IRB has broken out of falling Trend line with Volumes. RSI (14) has also broken out of falling Trend line. Price seems to be heading to newer highs. Target 1: 290 Target 2: 315 Stoploss: 250
IRB INFRA is a short term BO at 240, stock is near trend line support add for target 253/263 Stop loss 234.
IRB is giving a good buy setup on the weekly charts. After consolidating for a long time IRB is breaking out. Its a nice risk reward trade.. Buy & Hold IRB for a target of around 350 wil Stoploss of 200. Happy Trading!!