Ingersoll-Rand is sideways but is approaching a trend triangle.
The indicators suggest that the sideways could crack soon and a move can happen. As of now, it can't be said which way the move will be.
Many dojis and negative candles. Today's EOD suggests bearish control. The stock might continue sideways until triangle endpoint.
Not all periods can be traded. This is one such period where IR is wait and watch to take a position. And if already in a position, stay put.
Chart Sources: www.moneycontrol.com, in.reuters.com
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