Possible short set up for Short term I am looking to sell after the brake of the 213 for Target of 201 , i did find this late so i will try to enter only after brake of the TL
Regards
IRB trade ideas
IRB: From Highway Star to Stuck in a momentIRB 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 love it and I need it
I bleed it
Yeah it's a wild hurricane
Alright hold tight
I'm a highway star
- the stock zoomed 4 times yes that's right 4 times from 67 to 275 in 6 months
- however story since then...
Stuck in a moment by U2 summarises the scenario perfectly
You've got to get yourself together
You've got stuck in a moment
And now you can't get out of it
Don't say that later will be better
Now you're stuck in a moment
And you can't get out of it
it has been just sideways between 200-266 roughly for 3 years now
Its like driving from Pune to Panvel on Express way you reach in 60 mins and then driving from Panvel to Mumbai... stuck in city traffic for 3 hrs... :-(
Coming back to charts do keep a close eye on the stock
Closer to 220 or in the range of 205-212 the stock looks good to go long from Risk:Reward ratio perspective
- target 260-266 zone initially
-and as & when the stock gives a weekly close above 275 it might spice things up and we might see the stock again on the highway road accelerating towards 450 zone
Review your trading plan and plan your trade accordingly...
Take care & happy investing...!!!
IRB - BreakoutIRB 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
irbbuy irb for shortterm target of 253.
above 253 we can see a big upside as its a long term flag breakout above that..
IRB INFRA short term BreakoutIRB INFRA is a short term BO at 240, stock is near trend line support add for target 253/263 Stop loss 234.
IRB, laying very long road of consolidationfrom 2014 to till date it is struggling to go beyongd 289. very long consolidation, it is in very indecision phase. one has to wait. before taking any decision to buy this stock.price action is suggesting at present no clue which direction will be its journey?
IRB Infrastructure short term call
Breakout area marked on chart to take either side trade. Trail SL post breakout
IRBIRB- Stock trading in small range buy only above 195 if sustain if not then sell there with sl 195
IRB Infrastructure- Rectangular Channel Breakout- Short SetupAs seen after a long consolidation price action breaks the rectangular channel in the weekly chart, confirming further weakness.
Expected Levels: 160, 140, 125
keeping it simple part 2Beautiful MACD Histogram divergence taken place...beautifully taken support @ 200DMA.. Risk is 4 points if bought @ 226 and targets are 230-235-240..ENjoy
IRB Good Buying Opportunity!!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!!
