Elliott Wave analysis shows that the stock has completed wave 1 to 5 in red colour.
Currently, the stock is undergoing correction wave A-B-C in red colour.
Wave A completed in five sub waves in black circle in diagonal.
Wave B will go in three sub wave A-B-C in black circle.
Wave b in black circle will move in (a), (b), and (c) in a daily time frame in blue color.
Wave (a) and (b) in blue colour is completed and the stock is currently in wave (c).
Wave (c) will unfold in five sub-waves (i,ii,iii,iv and v) shown in red colour on the chart in 1hr time frame.
Wave i,ii,iii,and iv in red colour is completed and wave v in red colour is unfolding in five sub waves in diagonal form in black colour on the chart in 1hr time frame.
Wave level is shown on the chart.
Level of Invalidation
The starting point of Wave a in black circle has been identified as the invalidation level at 1187.60. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
Dr Vineet
Currently, the stock is undergoing correction wave A-B-C in red colour.
Wave A completed in five sub waves in black circle in diagonal.
Wave B will go in three sub wave A-B-C in black circle.
Wave b in black circle will move in (a), (b), and (c) in a daily time frame in blue color.
Wave (a) and (b) in blue colour is completed and the stock is currently in wave (c).
Wave (c) will unfold in five sub-waves (i,ii,iii,iv and v) shown in red colour on the chart in 1hr time frame.
Wave i,ii,iii,and iv in red colour is completed and wave v in red colour is unfolding in five sub waves in diagonal form in black colour on the chart in 1hr time frame.
Wave level is shown on the chart.
Level of Invalidation
The starting point of Wave a in black circle has been identified as the invalidation level at 1187.60. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
Dr Vineet
Trade active
Target 1 and 2 achieved.Trade closed: target reached
Trade closed, Target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.