the IRFC chart is in early stage of reversal. According to my knowledge of Elliot Wave theory, there is a clear divergence in daily char and the first fall after the fifth wave is quite sponge. the current stage is wave A which is the first fall after the completion of 5 waves. Selling is not suggested at the current stage but booking 50% of profits is advisable. Do note that this is still early stage of completion so take the dissection accordingly. Try not to create any new long positions according to my knowledge.
If you are also an ellition, do provide your feedback.
If you are also an ellition, do provide your feedback.
Penafian
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