Free Stock market / Nifty intraday tips

Paid Attention to rhythm of the wave, AUROPHARMA next move…

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Sell Nifty fut 10448-10459 and stoploss 10496 targets 10378-10121.

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The wave A and B in both sets parallel channel and Wave C will be set of next 5th Wave.

Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.

-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.

Wave Personality : I won’t expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.

———-One DAY chart———-

A continued move towards up-direction from level 288 to 818.
Main Resistance level is 830
From the current level, price will be attracted near 769 price, and continue to follow the price up-to 842.

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4 Comments

  1. Very informative analysis and well explanation. Thanks a lot for posting such a deeper analysis.

  2. Your chart is always best for study…with detailed information..
    Thanks a lot…

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