AUROPHARMA Elliott wave analysis and short term and long term VU

AUROPHARMA is already in Elliot wave cycle 3 which is supposed to be the strongest and within this it seems has completed wave 1 and 2, if this gets confirmed and see up move from here then wave 3 of wave 3 is supposed to be longest and strongest. Above 1292 the stock is going to give big targets close to 1700 and even higher post that.

For short term the stock has completed a correction phase in the form of ABC so from here a bounce on upside can be seen tomorrow, today's day low (1190) is the stop loss for this theory to work.


* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.

Order cancelled:

this call cancelled from Long term perspective, short term it can give 10-30 points up move from here but eventually it will come down, correction phase is still not over so it will be coming down further eventually till another fortnight or so. I think 1150-1160 can be the price range to enter when it will complete the correction...