MUMBAI: Arihant Capital Market has advised traders to buy IRB Infra for target of Rs 250-260.

“On the daily charts, IRB Infra is in buy on RSI and its 14-days RSI is currently at 72 (above 50 is consider to be in strong hands). The stock is looking strong on daily chart has given a Trend Line Breakout on EOD chart.

One can buy and accumulate the scrip at around Rs 229 with closing below stoploss of Rs 215 for a target price of Rs 250-260,” the report said.