IRB INFRA Inside Bar formation
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One can look at a short term positional trade in IRB infra..forming an inside bar candle pattern, where the & high & low of the red candle are within the body of green parent candle, volumes for red candle are low...enter either on BO, after crosses high of the green candle or at CMP with SL at the low of the green parent candle..Disc; Invested from lower levels for medium term
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View negated, the chart broke support in the fall, while the trade is negated, i am still holding as it is at its 2nd support level. Nifty Infra going strong, this stock is to be watched out for.
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