Turning Bullish: IRB Infra Developers Ltd.
IRB Infra Developers Ltd. has given a breakout recently with strong volume.
It has been trading in a Box pattern since Oct 2024 with support and resistance of 54 and 61, respectively.
20 EMA (Black line) is just above the 50 EMA (Orange line), indicating the momentum in the stock price.
However, the box pattern has to be decisively broken in the weekly chart to confirm the bullishness.
Resistance levels: 61, 66, 72, 76
Support levels: 54, 50
It has been trading in a Box pattern since Oct 2024 with support and resistance of 54 and 61, respectively.
20 EMA (Black line) is just above the 50 EMA (Orange line), indicating the momentum in the stock price.
However, the box pattern has to be decisively broken in the weekly chart to confirm the bullishness.
Resistance levels: 61, 66, 72, 76
Support levels: 54, 50
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