Technical Analysis on IVRCL Ltd

On 3rd December I had had told my opinion on my page Experiments With Stocks, The stocks went up to  +9% and gave a bearish engulfing. the price is currently ruling around 42. I was away from this stocks but a sudden Harami drew my attention.

According to me the stock have a potential to go upto 47. If it show a reversal know. If not the stock have a  support at 39.

IVRCL: Not my bet!

Recently IVRCL stated showing sign of a possible reversal. I am sticking to my point saying “the stock is not having any potential to make a higher high.”

 We have seen correction more than expected. Which is eventually had affected the growth wave.


"Even though we have seen a bullish crossover(MACD) I stick to say, the stock have lost the potential  to mover higher."

 Last link on IVRCL:Click hear

IVRCL Ltd: Technical View

Forming Rising wedge

"Trend is your friend"

"What if it break trend?"