IBREAL - POSITIVE DIVERGENCE

As shown in the chart, there is a positive divergence between price & RSI on daily chart.

Ibreal(208) has an retracement resistance around 209 -212, above which the levels are

226 , 240 & 253.

Combining the two scenarios, IBREAL( 208) looks good for the target of 226( t1) & 240 (T2) with the stop loss of 203.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock.