STOCK : IRCON INTERNATIONAL
CMP : 83.10 (17-06-2022)
ABOUT : IRCON International Limited, commonly known as IRCON, is an engineering and construction company based in India. It was established in 1976 as a wholly owned government company under the Ministry of Railways. IRCON specializes in providing infrastructure solutions in various sectors such as Railways, Highways, Buildings, Bridges, Tunnels and Airports.
TECHNICAL ANALYSIS CHART VIEW 👇👇( DAIL TIME FRAME CHART)
( CLICK ON IMAGE FOR CLEAR CANDLESTICK CHART VIEW )
OBSERVATION :
The above chart shows a clear FLAG & POLE pattern on a daily time frame, if the stock gets breakout of its pattern we may expect up side rally. Wait for the breakout and stock to get retest. Above 88/89 levels stock can show upside momentum. can be good for swing trading & short term expecting (20-25%) returns coming days view strong.
How does FLAG & POLE pattern works ? (click here)
You may add this to your watchlist to understand further price action.
Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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