Irbinfra
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 ?
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irb infracorrection is ending in the form of ending diagonal.
rsi also consolidating and macd is also showing one upmove,can go long with sl mentioned.
POSITIONAL TRADE IN IRB INFRA IN SEPT FUTPOSITIONAL TRADE IN IRB INFRA
SEPTEMBER FUTURES
DOWNWARD TRENDLINE BREAOUT
MACD GAINING MOMENTUM
BUY@197
STOP@187
TARGET@217
LOT:2500
QTY:1
