Stock for Intraday Trading:IRB,Jsw Steel and Ranbaxy

IRB

IRB share value is approaching its long term falling trendline resistance, Stock has formed a base around 112 odd levels . Stoch is approaching 80.6 and unable to cross the 80.6 Stoch indicator can form a double top and lead to pullback in stock till 115. IRB share is also approaching cluster of long term moving averages 125-127 which will be difficult to cross in a single attempt so traders can use the range of 125-127 if and when it comes to book profits on their holding.

Sell below 119 Tgt..

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