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Wednesday, September 2, 2009

Flag and Pole in IVRCL - Infra

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.
 

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