IRB trade ideas
Once again took support from 117Once again price took support from 117 levels which was the previous resistance levels as shown in picture.
This time it should break 128 resistance levels to reach the channel top. Always try to enter at the support levels with small stop loss, to get the better entry levels.
IRB AnalysisHigher Volume despite moving in side range and good price action move tells you lot about the bullish move here. Stock had recently touched its 52wk high, now this faces stiff resistance around the high price range. Keep eye when breakout happens.
IRB infra - view onlyThis is out of disgust wrt market's behavior, that the comments are posted. Please do not take it seriously.
IRBA push out beyond 126 can open the gates for the continuation of the trend it has been in since early June
IRB INFRA DEV LTD. Analysis 27.07.2020Buy above 128
Target 136 to 141
So wait for better conformation .
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
irb longterm breakout given last week. After breaking down in april 2018, irb infra has come out of downward sloping channel and gave a breakout when it closed above 97.5 last week. It 75 EMA will be the SL. Can think of investment for medium to long term.
IRB on the verge of BO from Parallel ChannelIRB Infra has formed a parallel channel and is presently at the upper resistance level.
Should be watched for a decisive breakout
For information and entertainment purpose only.
Interpret and act as per your own discretion.
LONG TERMTHIS SCIPT. REACH THE DEMAND ZONE AND NOE TREND REVERSAL IN LOWER TF. IF CONTINUE THE TRED IT POSSIBLE TO MOVE UP TO 180. THATS THE FINAL TARGET.
Stay Tuned for the Nuts / GrapesAnalysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
IRB - Wedge patternNote: This is for educational purpose only.
There is a wedge chart pattern formation on daily charts. In such case, there can be an upper or lower breakout. Best is to wait for the price to break out in either direction. RSI is below 50 so momentum seems to be bearish but this alone should not be used to determine the breakout.
Long term support and resistance and support are plotted too. Best would be to either wait for Wedge pattern breakout or the price to reach support or resistance and based on the price action take a trade.
IRB INFRA INTRADAY FOR THURSDAYIT IS IN BULL FLAG LET AT LEAST 30 MINUTE CANDLE BE CLOSED ABOVE TREND LINE TARGET GIVEN STOP LOSS 111.05 ON CANDLE CLOSE BASE
price volume breakout on weekly.budget stocklong for targets mentioned on chart!
86 small hurdle.. immediate target 105
