Elliott Wave analysis shows that the stock is in corrective wave. Currently, the stock is undergoing correction wave a-b-c shown in black circle in a 75 min time frame.
Wave (a) and wave (b)in black circle is completed and the stock is currently in wave (c).
Wave (c) will unfold in five sub-waves (1-2-3-4-5) shown in blue colour on the chart.
Price is moving in a channel.
Wave level is shown on the chart.
Level of Invalidation
The starting point of Wave a has been identified as the invalidation level at 221.55. 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
Wave (a) and wave (b)in black circle is completed and the stock is currently in wave (c).
Wave (c) will unfold in five sub-waves (1-2-3-4-5) shown in blue colour on the chart.
Price is moving in a channel.
Wave level is shown on the chart.
Level of Invalidation
The starting point of Wave a has been identified as the invalidation level at 221.55. 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 closed: stop 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.