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 stoploss of 167.10

 

Rate this post







Subscribe Updates, Its FREE!

Email ID:



+Admin


Admin November 16, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/11/irb-infra-logo.gifhttps://www.investmentkit.com/articles/wp-content/uploads/2011/11/irb-infra-logo.gifAdminStock Marketbreakout,dev ltd,irb,short position,span,stock,stop loss,time frameHere 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...Educating Investors

READ  Sell Reliance Industries | 07-Mar-2012