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INGERSOLL-RAND – TECHNICAL CHART STUDY

2015Feb-INGERSOLL-RAND INDIA LTD-800x600

as we can see that stock able to break all the recent highs in last session, with the confirming the pattern of “SYMMETRIC TRIANGLE” and moving well above all the averages,

rsi in in over bought zone, but its a reaction zone, if stock is highly trending then we can expect a high reaction here, need to play with levels.

so overall basic study indication that if price able to move above 1050 then with support of 960 we can see up move till 1120-1170

also one can look for buying zone at 1000-1020 range.

 

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