If this is the corrective structure post 806 lows then likely we will see one more push to the zone 855-865 where it will retrace prior down move from 895 to 806 by 61.8%.
Also the move started from 806 was A-wave & currently into a B - wave which is always tough to trade- looking for the C-wave to complete in the mentioned desired zone of 855-865 & also to check whether its a corrective move or impulsive move but likely 806 is very important from a long term point of view. Any move below 806 will confirm that 895 was the top in the 5th wave as per larger degree.
Short term looking for the bounce.
Auropharma-Top@895- is this the end?
Trade active
⋅
13:14 Hrs 2nd Nov2016
Trading@790
Auro drops below 806 -was 895 short term top for auropharma?
Trade active
⋅
13:19 Hrs 4th Nov2016
Last Price@738
Panic button for Auropharma
Comments
SohilShah
⋅
in a triangle the thrust after retesting the B-D line should shoot up atleast 75% of the widest part of triangle so target is 960 !! ??
WaveTalks
⋅
could be but if it breaks 806 & starts moving below that shall be risky- by the way I am looking atleast for 850-860 zone