IRB Infrastructure Developers LtdIRB Infrastructure Developers Ltd
Buy Above 51.50 Stop Loss 34 Long Term Target 80+
After 13 years of range bound movement Stock Given Breakout on 35.00 on Sep 2023 and Given 120% rally. After Made High of 78.05 Stock Corrected 40% from high & now trading on 51.00 Above 0.618-49.91 Fibonacci level. Short term View is negative but if stock cross 54.00 swing high there are Heavy chances of trend reversal and Stock will show 62 - 78+ Levels again. RSI Below 40 indicated Stock in Oversold position. Stock Trading Above 200MA – 38 & 100MA 48 .