IRFC

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.

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