IRB INFRA DEV LTD.
做空

IRB INFRASTRUCTURE : SHORTING IN EXPANSION .

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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.

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