IRB Infra Dev Ltd. technical chart | 15-Nov-2011

Here is a technical chart of IRB Infra Dev Ltd. with ichimoku indicator. It's on daily time frame.























This is a weak chart. Yesterday, it CLOSES below kumo at Rs.149.70 (-6.9%). Chikou Span (CS) is also below kumo; thus confirming the bearish breakout. Even on weekly chart, the stock closes below kumo. All the factors clearly indicates that it will surely go down further even from these levels. So, one can take short position here. Make a stop-loss of 167.10



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