Monday, December 30, 2013

India bull realestate technical chart

Hi friends,
                   Revisiting IBR chart ,From october onwards the waves are quite clear.
We had a impulse followed by a abc correction and then a rising wedge or ending diagonal.
Of late this stock have been range bound in 80-50 .
In very short term as long as 66 is protected this stock has potential to hit back 80.
If 66 is breached the structure suggests distortion.
Overall after few weeks can try to project long term view for this stock
presently at a important juncture so i am keen to update this again and again.



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