IRB INFRA DEV LTD.Short
IRB INFRASTRUCTURE : SHORTING IN EXPANSION .
IRB INFRASTRUCTURE has earlier been in a tight trading range in the weekly charts.
It is showing signs of Distribution (Expansion).
Yesterday it gave a breakout & a followthrough is expected since RSI is not in an overbought zone yet.
I recommend shorting this stock near 230/235 zones if the RSI shows overbought reading as well in this week.
Keep a Stop at 240 & look for targets of 215.
It is showing signs of Distribution (Expansion).
Yesterday it gave a breakout & a followthrough is expected since RSI is not in an overbought zone yet.
I recommend shorting this stock near 230/235 zones if the RSI shows overbought reading as well in this week.
Keep a Stop at 240 & look for targets of 215.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.