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IRBT

IRB Infrastructure - Technical Analysis - 5/12/2016After a huge up move in the first half of 2015, IRB Infrastructure has spent rest of the time consolidating in flag like pattern, roughly between Rs. 200 and 280. Of course it's difficult to pick long term direction for a stock with such explosive volatility exhibiting trips from 60 to 300, twice in last few years. To trade IRB Infrastructure, it requires patience to get involve only at the right levels. Looking at the behavioral patter of the stock, it is obvious that there are lots of roughly 40 points overlap while moving in each direction. As of now, buying levels are 200 and 180, with targets being 240, 260 and 280. Play within the range until any side gives up !
NSE:IRBLong
by BombayBulls