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rahul.u.bhagwat

IRB INFRASTRUCTURE : SHORTING IN EXPANSION .

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IRB INFRASTRUCTURE (NSE:IRB)  
rahul.u.bhagwat  
NSE:IRB   IRB INFRASTRUCTURE
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
IRB INFRASTRUCTURE has earlier been in a tight trading range in the weekly charts.
It is showing signs of Distribution (Expansion).

Yesterday it gave a breakout & a followthrough is expected since RSI is not in an overbought zone yet.
I recommend shorting this stock near 230/235 zones if the RSI shows overbought reading as well in this week.

Keep a Stop at 240 & look for targets of 215.
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