IRB short trade - Trend Resumption on the short side for IRB
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Looks like IRB will resume the fall post the pullback from 120 levels. Looks like the pullback is over, confirmed by the pullback trendline breakdown on Friday - 18-Jan.
Next immediate target looks like 138. Keep a Stop at 155.
Next immediate target looks like 138. Keep a Stop at 155.
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Small bounce expected. Book Rs 6 profit and close.
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