After making all the study regarding Elliot Wave and other relevant analysis, to make things simpler for all of us to understand, I have put just two green Horizontal lines and plotted my indicator based on daily volatility. Stock Price is above pivot shown by white thick line.
1. The upper Green horizontal line is providing resistance right now.
2. The lower Green Line is of course support.
3. White thick line which you can see is the pivot line and the stock is above that pivot line for the last 4 hours.
4. The stock has completed its upwards movements 1 to 5 and downwards movements of 1 to 5 and after so many years, it is ready to go up. Yesterday's time candle of 3:12 p.m. is providing support.
Your comments will make us all better and better. Please contribute and ask any of your doubts/ questions by way of comments, may be in Hindi or English, I will try to answer all of your valid queries. This is the only way we can learn.
Disclaimer: I am not a SEBI Registered Analyst, it is just for educational purposes, please consult your financial advisor before making any decision.