Elliott Wave analysis shows that the stock has completed wave i in black circle. Currently, the stock is undergoing correction wave ii shown in black circle. wave (ii) will move in (a), (b), and (c) in a daily time frame in blue color.
Wave (a) in blue colour is completed and the stock is currently in wave (b).
Wave (b) will unfold in three sub-waves (a-b-c) shown in red colour on the chart.
Wave a and b (red colour) of wave (b) is completed and the stock is in wave c of wave (b).
Wave level is shown on the chart.
Level of Invalidation
The starting point of Wave c has been identified as the invalidation level at 62.40. 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) in blue colour is completed and the stock is currently in wave (b).
Wave (b) will unfold in three sub-waves (a-b-c) shown in red colour on the chart.
Wave a and b (red colour) of wave (b) is completed and the stock is in wave c of wave (b).
Wave level is shown on the chart.
Level of Invalidation
The starting point of Wave c has been identified as the invalidation level at 62.40. 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
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updated levelsNota
Level 1 achieved.Dagangan ditutup secara manual
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.