Hi friends,
Today i am going to discuss chart of Sriram transport .
A very clear wave chart we can easily count an impulse up from 2011 dec end.
Impulse finished by may 2013 .
We had a sharp reaction after 5 up impulse which retraced more than 80% of the
impulse,And smart recovery after that which is resolved into 1 up abc ,now a 3rd wave rise
only thing missing in this count for confirmation is volumes to confirm 3rdwave on,Lets
see in the coming days if volumes get into the stock.
According to this count this stock is in a strong uptrend and every dip is a buy as long as
550 holds.
This stock has potential to rise to new high soon ie 850+,Buy all dips in installments
to gain maximum,Lets see how stock performs.
Regards
Rish
Today i am going to discuss chart of Sriram transport .
A very clear wave chart we can easily count an impulse up from 2011 dec end.
Impulse finished by may 2013 .
We had a sharp reaction after 5 up impulse which retraced more than 80% of the
impulse,And smart recovery after that which is resolved into 1 up abc ,now a 3rd wave rise
only thing missing in this count for confirmation is volumes to confirm 3rdwave on,Lets
see in the coming days if volumes get into the stock.
According to this count this stock is in a strong uptrend and every dip is a buy as long as
550 holds.
to gain maximum,Lets see how stock performs.
Regards
Rish
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