IVRCL Infra: Trend Triangle

IVRCL INFRA NSE Stock Chart Technical Analysis:

• IVRCL Infra is traveling within a trend triangle since mid-Feb, as is visible on the chart.  
• Current Close & CMP: 74.15
  
• The price has hit the upper line of the trend triangle today and stopped exactly there.  By the end of month the stock price will make a decision whether it is headed upwards or downards.
• The price has taken support of the 20 DMA
• The current formation is a set of corrective A-B-C Elliott waves and there is a possibility that the price might rise to 84 if it breaks out from above the trend triangle.  Get ready to trade this short-term gain if the opportunity arises. 
• No indication for taking a long-term position on IVRCL yet, trade it only for short-term gains.
  
• IVRCL Infra फरवरी से ट्रेंड त्रिकोण में चल रहा है.  अगर ऊपर की तरफ जाता है तो ८४ तक जा सकता है.  अभी लम्बे समय के लिए इस पर पोसिशन लेने का कोई संकेत नहीं है, तो शोर्ट टर्म के लिए ही त्रदे करें.

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IVRCL INFRA NSE Stock Chart Technical Analysis

ICRCL Infra: Upward Correction?

IVRCL INFRA Daily NSE Stock Chart Technical Analysis:


IVRCL Infra has been falling since July 2010 and has lost about 60% of its value since then.

Close & CMP: 75

Market Outlook:

• There is a chance that this stock price will finally show an upward correction.  If it manages to go above 87, that will be a positive sign.
• IVRCL जुलाई २०१० से करीब ६० प्रतिशत गिर चूका है.  आज का चार्ट यह उम्मीद जगा रहा है की शायद यह शेयर अब ऊपर की तरफ जायेगा.  अगर यह ८७ के ऊपर गया तो यह पोसिटिव सिग्नल है. 

Technical Indicators:

• The stock price has been falling since a very long time and a correction is overdue as the price is deeply oversold.
• The stock was hugely traded on the exchange today but the price movement is not much.  
• If it falls further, than falling below 71 is a bad sign.

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IVRCL INFRA Daily NSE Stock Chart Technical Analysis

IVRCL Infras: Support at 128, could rise again

IVCRL INFRASTRUCTURE & PROJECTS Daily NSE Stock Chart Technical Analysis

The price opened near yesterday's close and fell yet again.

Open: 136.1  Close:  132.75

Market Outlook:

• The price has good support near 128, could possibly rise back again before or after hitting this level.
• Keep noticing this stock, if it rises back strongly with other indicators positive as well, it will be a good time to buy this one.

Technical Indicators:

• There is support line at 128.
• The stock is already in the oversold levels and it is showing a probability to rise out of the oversold levels soon.
• If the price rises back, the short term targets are at 141 and at 150.
• Anything above 160 and this stock is rocking again.

IVRCL INFRAS Daily NSE Stock Chart Technical Analysis