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k314
Mar 29, 2018 5:29 AM

IRB INFRA buy setup Long

IRB INFRASTRUCTURENSE

Description

Buy IRB at CMP (220+)

T1: 275
T2: 298
T3: 360

SL: 192

Trade closed: target reached

.
T1: 275 achieved

Trade active

Massive 25% (1st target) move in just 8 trading sessions!
Comments
Sachin_Ghodke
Stock in Deep Consolidation...Capital will got stuck or in Risk ...have to breakout at least swing high to be ready for rally otherwise final support line of 180-186 is also good to enter minimizing Risk to Reward ration and even weak financial result not supported....Please Check
k314
@Sachin_Ghodke, I appreciate your view sir. I am entering at the levels mentioned as the risk is small as per my analysis.
Ultimately only market is right and I will exit at my SL just in case market proves my analysis is wrong.
Sachin_Ghodke
@trex88, genuine answer....good focused trader who stick his trade plan..GBU his grace and Love
k314
@Sachin_Ghodke, I hope market has answered everything :)
Sachin_Ghodke
@trex88, ITs Very Good... Appreciated your worship ... Keep
nalinakshi
don, t you think your target are too muxh aggressive, please jput forward your viiews
k314
@nalinakshi, The analysis is based on weekly chart and first two targets projected as very modest compared to the third one. Usually the broadening pattern breakout movements are very aggressive. Hence the 3rd and final target is a big one and we will be trailing our SL accordingly
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