IRB Double Bottom Swing

IRB confirmed a Double Bottom today with RSI Showing Strength and Excellent Q3 FY 24-25 Resluts out today and now looks likely to give a good swing.

F&O Activity:
Significant Long Build-up with 55 PE showing a Significant Increase in OI.

Trade Setup:
Looks like a good double-bottom Formation can give a swing to the previous Double Top and if Crosses 200 DSMA Postionally will look very good

Target(Take Profit):
Upper Resistance Levels of Double Top for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry.

Stop-Loss:
Entry Candle Low For Swing Trader and a Red Coloured Double Bottom Base for Positional Trader.

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Disclaimer: I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER.
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.