May 27, 2016
IRB Infra (NSE Cash)
215 - 213
14 - 21 sessions
Source: Falcon (Chart Time: 09:17 IST)
The stock has been consolidating in a narrow range since last couple of moths and within the consolidation,
prices have formed a ‘Symmetrical Triangle’ pattern on daily charts. The stock is currently trading near the
support end of the pattern. The ‘RSI’ indicator on daily chart has formed a higher bottom and is indicating
positive momentum. We are expecting the prices to pullback towards the higher end of the pattern and thus
the risk reward is favourable for long positions at current levels.
traders are advised to buy the
stock at current levels and on declines to
213 for a target of
230. The stop loss for the trade set-up
can be kept at
May 27, 2016
Last 8 recommendations
Recom. Buying/Selling Range CMP
Target 2 Stop-loss
1152 - 1145
Revise SL to 1163
262 - 260
88 - 87
950 - 940
855 - 850
544 - 539
Revise SL to 549
693 - 688
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website:
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