The Elliott Wave analysis indicates that the stock has completed waves (1) and (2) which are shown as blue numbers on the daily chart. Wave (3) appears to be underway at this time.
It is anticipated that wave (3) will have about five subdivisions shown in red colour.
Wave levels shown on chart.
Level of Invalidation
The starting point of wave (1) has been identified as the invalidation level at 107.55. If the price falls below this level, it indicates 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
VJ
It is anticipated that wave (3) will have about five subdivisions shown in red colour.
Wave levels shown on chart.
Level of Invalidation
The starting point of wave (1) has been identified as the invalidation level at 107.55. If the price falls below this level, it indicates 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
VJ