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Published on 19/11/2020 3:07:30 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Ircon International Ltd For Target Rs. 90 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #Engineering Sector #HDFC Securities #Trading Report #Ircon International Ltd

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Momentum Pick - Buy Ircon International Ltd For Target Rs. 90HDFC Securities

Observation:

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

Currently, the price is making an attempt to show upside move above the key upper resistance.

The short-term trend has turned positive. We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

Volume has started to rise along with the up move in the stock price.

The daily/intraday RSI is showing positive indication. The overall chart pattern of stock a long trading opportunity. One may look to create long trading position as per the levels mentioned above.

 

Buy Ircon International Ltd @ 83.70 TGT 90 SL 82.2

 

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