SWING IDEA - IRB INFRA DEVIRB Infrastructure Developers Ltd ., one of India's leading infrastructure development companies, is displaying technical signals that suggest a swing trading opportunity.
Reasons are listed below :
58 Zone as Strong Support: The 58 level has proven to be a crucial support zone, offering a strong foundation for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle indicates a surge in buying pressure.
200 EMA Support on Daily Timeframe: The stock is receiving solid support from the 200-day EMA, which strengthens the bullish outlook.
Volume Spike: A noticeable increase in trading volumes suggests strong investor interest and potential for a breakout.
Target - 72 // 78
Stoploss - daily close below 57
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