Ircon was good and we can see positive move soon Entry would would on retest
Reason: Sideway Breakout Risk:reward-1:2 SL-84 target-110
MP 100.8 (can be added till 97) may witness 107 113 121 levels STOP 95
FOLLOW TRADE AT YOUR OWN RISK
RSI Rising Price Abv 13&40 W EMA Volume Expansion more than 300% RS Increasing.
BUY BETWEEN 397-400 FOR A TARGET OF RS 422-425 IN COMING TRADING SESSIONS. SUPPLY ZONE AND RESISTANCE AT 425.
The current Indian Market scenario clearly shows that nifty wont show a significant recovery in the near term amid expected RBI repo rate hike as well unfavourable 2 Cs- Currency and Crude oil rates. Keeping these macros in mind, in my opinion this newly issued IPO , trading at discount will further see a new bottom formation at the levels of 409/410. Its a great...
With current Nifty levels there is no significant recovery to be seen in the near future with expected repo rate hike amid RBI meeting on OCT5, as well as the pressure due to 2 unfavorable Cs- Currency USD/INR and Crude prices. This newly issued IPO will see a new bottom formation at the levels of 409/410, already trading at discount from its issue price. In the...