now near support if hold 30 level continue than again upside move possible
below 29 some weakness possible
cmp 30.80
resistance near 34-35 above this open for 38-42-45++
Is anyone aware of what is causing the recent price action in IRB on the NSE?
The stock seems to be breaking out with significant volume against a multi-year resistance level.
Despite the lack of alignment between fundamentals and technicals at the moment,
Speculating - could it potentially become a multi-bagger after crossing 7X from the bottom?
Any...
STRONG SUPPLY ZONE BREAKOUT
- Strong BO Candidate
- Big Range Accumulation
- Strong Bullish Momentum
- Trading All Time High
- Strong HH-HL Trend
- Massive Volume Buildup
- Looks Ready For 40,45,50+
- Hold 4 to 5 Months
Entered at 35
Targets - 40,50,60,80+
1st Target Completed with in 2 months 23% returns & going
CMP - 41.55
Re-entry possible at 40 level ...
As per previous chart history and present chart pattern, an opportunity is seen to buy this stock above 51 or wait for a strong pullback from the no trading zone as mentioned on the chart
Buying can be done on CMP or wait for a reversal pattern from downside
All points are mentioned on the chart itself, study all points before entering in the buy trade setup...
IRB February 23 high 34.90 trying to break with big volume around 8 cr.+ . Once cross and close above it very surprise rally one can expect for 40+ target. Once reach 40 level review more. Mild profit booking not ruled out. Best buy range 30.70-31.80 with sl 30.15 DCB
DISCLOUSER: BEFORE INVEST KINDLY ADVISE FROM YOUR FINANCIAL ADVISOR
Infrastructure is a key sector in government focus. I have entered with position at 38.40 today. Expecting a 5% return and then will trail stop loss. My entry and exit are provided in the charts.
This is not a buy/sell recomendation. NSE:IRB
💥IRB Infrastructure💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-37-38
Breakout Price-37
Stoploss-30
Targets-53-78
RT for max reach
#irbinfra #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
After a 13 years consolidation finally price break the major resistance and now ready to test 95 and many big brokerage reports also suggests the target near 95/100 .
IRB has given a multi year background after three fair attempts to breakdown its 4th time where its about to break out I think this time it will make it and go for more than 51.25 at least
The stock has managed to sustain near resistance and now showing signs for a proper breakout. It may hit next 20-30% very soon. Positions can be added here as it looks like a perfect recipe for a swung trade.
