Wednesday, November 27, 2013

IRB Infra Elliottwave analysis

Hi friends,
                  Lets check the wave structure of Irb infra ,August 2010 Irb started to fall
the entire fall can be resolved into wxy ,The below chart shows the wave labeling clearly.
The firstfall resolved into a falling wedge followed by a simple abc .Right now its trading
near a very crucial juncture near 100.Above 100 this stock is heading towards big targets.
Above 100 this has potential to double in a years time max.
Keep this stock on your radar ,I would reevaluate it regularly to check what it does over a
period of time.



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