SWING IDEA - IRB INFRA DEV

9月21日IRB 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

DISCLAIMER -

Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.

@visionary.growth.insights