IRB - Ready for 50-60% upside move?

IRB infrastructure is clearly following the wave theory.

I have highlighted the channels which will play crucial support/resistance zones.

Currently, the stock is trading at 118 and any weekly closing above 140 will open the possibilities of 190+ levels.

My propriety TML Moneyball indicator has given a buy signal on daily time frames.

My view is negated if the stock price gives a weekly closing below 98