IVRCL Infra Intraday Chart - 5 mins:
It formed a Channel after the sustained up move with increasing volumes. If this channel gets a breakout then it can move up to Rs.400. If the channel gives breakdown then it can fall up to Rs.325
IVRCL Infra Chart - Daily:
On daily charts it formed a descending triangle and gave a break out(volumes are not confirming the breakout but the gap may give good support) On the longer term horizon it is looking good till it holds Rs.280 levels.
Wednesday, September 2, 2009
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