Thursday, February 18, 2010

IVRCL 18.02.10



IVRCL DAILY CHART :

CONSOLIDATION : IVRCL HAS BEN CONSOLIDATING FOR PAST ONE MONTH WITH RANGE GETTING NARROW AND NARROWER

BEARKOUT ? : IVRCL MAY MOVE OUT OF THE RANGE WITH BREAK ON THE UPSIDE OR DOWNSIDE .

VOLUMES : VOLUME HAS BEEN DECLINING IS THIS CONSOLIDATING PHASE TO THE STOCK

IN ODER TO BREAK THIS RANGE EITHER WAY, VOLUMES WOULD PLAY A VITAL ROLE TO DECIDE THE CONVICTION OF BREAKOUT OR BREAKDOWN

IVRCL WOULD FACE RESISTANCE AT 334 (PINK LINE) AND HAS SUPPORT AT 294

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