AUROPHARMA has given the respect to the 890 around level. Currently retraced to .382 level of a recent low to today's high. Is it a buy on dips opportunity? Kindly suggest.
rashmichhajer
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Sir As Per My Calculation Auropharma will now go upto 930-935 Range ...Precisely 933 in next few days.
WaveTalks
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Ok-Thanks for the Update
nirav5
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I think previous structure can become resistance at 885 to 890 level.
WaveTalks
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Likely I want 885 & 890 to be surpassed otherwise 5th wave will become truncated- which again is rare possibility but yes it will respect that level for a session or so then largely should take out & we will have divergence in the structure which suggest Auropharma is in last trace or last leg since 2008-2009 bottoms
nirav5
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Nice analysis Abhishek as always :-)
WaveTalks
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Auropharma was likely to give lots of happiness once 820-822 zone was taken out. It was on my radar & I am glad it was indeed a good choice
WaveTalks
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Welcome Nirav
SHVMaverick
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Bhai, 2nd diagram would not have looked like elliot wave to me. Means I have to go a long way in identifying patterns.
Your Tata steel chart was awesome.