Bullish about IRB Infra: Rajat Bose
IRB Infra was suffering. But now it is about to cross its 200-day exponential moving average which is around 180.
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| Updated: In an interview to ET Now, Rajat Bose, rajatkbose.com gives his take on IRB Infra
What is the call on IRB Infra?
Most of the infrastructure stocks are as of now looking good. IRB Infra was suffering. But now it is about to cross its 200-day exponential moving average which is around 180. So, this is one of the better bets maybe in the infrastructure stock ones.
This also suggests that at lower levels, there is some bit of accumulation and once you see it crossing 195 or so, you will see good movement coming into this. There are other stocks that are also looking positive like IVRCL Infra or GMR Infra. But I tend to like this a lot besides IRB Infra.
What is the call on IRB Infra?
Most of the infrastructure stocks are as of now looking good. IRB Infra was suffering. But now it is about to cross its 200-day exponential moving average which is around 180. So, this is one of the better bets maybe in the infrastructure stock ones.
This also suggests that at lower levels, there is some bit of accumulation and once you see it crossing 195 or so, you will see good movement coming into this. There are other stocks that are also looking positive like IVRCL Infra or GMR Infra. But I tend to like this a lot besides IRB Infra.
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