Tuesday, January 28, 2014

IRB Technical chart

Hi friends,
                    IRB Infra ,I had posted coulple of months back stating above 100 this stock pattern
changes and it would do great ,But this stock did not cross 100 so this started a new
corrective wave now,Read old post here IRB INFRA .
Lets look at the present picture.
So we made a X wave with a double zigzag and now the stock has started its Z wave.
So eventually this is tripple zigzag or WXYXZ correction ,This stock can make a new low now,
50 is very much a reality now ,For investors its a no hold stock till we come near its lows of 60-50 .



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