IRB - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of IRB Infrastructure Developers Ltd (IRB)

📊 Trend Overview

Phase: Reversing from downtrend with weak momentum

Price Action: Trading below both 50-DMA (₹44.8) and 200-DMA (₹48.7), indicating bearish pressure and lack of trend strength.

Volume: Below average (73.7L vs 92.5L), suggesting reduced participation and fading interest.

📈 Momentum Indicators

RSI (52.9): Neutral zone — no strong momentum, indicating sideways movement.

MACD (-0.45): Negative and flattening — signals bearish undertone, though a crossover could hint at reversal.

Bollinger Bands: Price likely near the middle band, consistent with consolidation and low volatility.

🧭 Chart Patterns

Descending Channel: Price has been declining from ₹65.5 highs, forming lower highs and lower lows.

Base Formation Attempt: Stabilization near ₹41–₹44 zone suggests potential bottoming, but confirmation is needed.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 43.0 Minor pullback zone

Support 2 41.0 52-week low, long-term support

Resistance 1 44.8 50-DMA, immediate ceiling

Resistance 2 48.7 200-DMA, trend reversal trigger

Major Resistance 52.0 Breakdown zone from prior support

🎯 Entry & Exit Zones

Optimal Entry: ₹42.5–₹44.0 (on dips with reversal confirmation)

Short-Term Target: ₹48.0–₹52.0

Exit Zone / Stop-Loss: ₹41.0 (below key support)

🔄 Short-Term Outlook

Momentum: Weak and stabilizing

Bias: Bearish below ₹44.8; neutral-to-bullish only above ₹48.7

Phase: Reversing — attempting to bottom out after prolonged decline

🧠 Key Takeaways

IRB is showing signs of bottoming after a steep correction, but momentum remains weak.

RSI and MACD confirm bearish undertone, while price action near support zones hints at potential reversal.

A close above ₹48.7 with volume could confirm trend reversal and open upside toward ₹52.0.

Let me know if you’d like a chart visualization or screener of similar reversal setups.

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