IRB INFRASTRUCTURE has earlier been in a tight trading range in the weekly charts. It is showing signs of Distribution (Expansion). Yesterday it gave a breakout & a followthrough is expected since RSI is not in an overbought zone yet. I recommend shorting this stock near 230/235 zones if the RSI shows overbought reading as well in this week. Keep a Stop at 240 &...
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 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...
Around 2 year consolidation zone. buy above 255 with sl 225 Target 450
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.
from 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?
Breakout area marked on chart to take either side trade. Trail SL post breakout
IRB- Stock trading in small range buy only above 195 if sustain if not then sell there with sl 195
As seen after a long consolidation price action breaks the rectangular channel in the weekly chart, confirming further weakness. Expected Levels: 160, 140, 125
Beautiful MACD Histogram divergence taken place...beautifully taken support @ 200DMA.. Risk is 4 points if bought @ 226 and targets are 230-235-240..ENjoy
IRB above 269 , SL- 190 go long for a double digit target 500+
Creating Lower High,Lower Low. Short below 244 Target 236 for Intraday. Happy Trading