Its time to share my view on ircon international stock,
My View Is, Ircon was stuck in High 54 and Low 40 , i mean this range which play ircon,
so am just sharing my view on Ircone International ,
Its for educational propose , see and learn , How react chart pattern and structure
"Passion With Chart , Know With HeartBin"
Market Cap = ₹ 4,392 Cr.
Short Term Quick Profit
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Inverted Head & Shoulder Pattern Forming
Rising Volume with rising Prices.
A Symmetrical Triangle pattern on weekly charts.
There has been a lot of tension around the 93 level and the volumes suggest this time it could breakout well.
This chart call is a bit pre mature awaiting a breakout, but just with a hunch that it could do well , I'm taking a risk before the breakout.
Safe investors can take it only after it closes above and...
as last 6-month share price performance is only 4-5% and after ofs is good for buy. for the long term.
IRCON’s order book as of December 2020 was Rs 32,800 crore which is equal to 7 times its trailing 12 months revenue. Almost 94% of its order book is from the Railways. source -The Economic Times
IRCONs strength remains in the railway sector & around 80% of the...
Note: This is for educational purpose only.
There seems to be a bullish breakout with good volume. Moreover, the price has broke out long term resistances as well. RSI seems to be showing a bullish breakout as well. Moreover, RSI above 60 indicates bullish momentum.