IRB showing strong bullish momentumIRB is in uptrend and is currently in a pullback which is looking weak, wait for BULLISH REVERSAL pattern to emerge before entering.
IRB trade ideas
IRB - 4 yr trading range. Buy c. 180 with SL @ close below 170Range bound stock close to lower end of range
IRB Investment Pick - AccumulationIRB is in the process of Accumulation
Our buy will be after a test of sellers
SL below the Test Low
IRB Infra, Descending TriangleDescending Triangle Pattern in the down-trending stock, about to breakout on the downside below 186, targeting 156 --height of the pattern being 28 points. SL 190.
POSITIONAL TRADE IN IRB INFRA IN SEPT FUTPOSITIONAL TRADE IN IRB INFRA
SEPTEMBER FUTURES
DOWNWARD TRENDLINE BREAOUT
MACD GAINING MOMENTUM
BUY@197
STOP@187
TARGET@217
LOT:2500
QTY:1
Is IRB getting ready for a havoc move??Ladder formation (Another rare pattern)
Like INFY this stock is also following ladder pattern
but in downtrend.
Generally it is observed that on of these ladder steps,
stocks breaks the channel and moves with tremendous
momentum.
Is IRB ready for this move???
Rectangle Pattern The price action has nicely formed Rectangle Pattern it looks that demand is emerging at this level so one can buy the stock with SL of recent low. In case of close below the lower boundaries one should immediately close the trade even aggressive traders can initiate short trade but that does not seems to have good chances of target as there is support nearby.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Big W Reversal Pattern !Stock has formed trade able big W pattern. One can short the stock with the SL of 271 for a target of 238 which gives a 2.2 RR ratio.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Possible breakout? More UP direction..looks like breakout on weekly timeframe. another big move possible.
