Angel One Stock Reversal Point | Look at this StockAngel One Stock Reversal Point | Look at this Stock
Entry 2400/2300/2200/2100
SL 2000, TG 2800/3000/3300/3800
5wavestructure
Auropharma - What A Top !!! A Classic 5 Waves Complete at 1177 Disclaimer:
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WaveTalks - Market Whispers: Can you hear them?
In Feb 2023, I shared an idea about Auropharma when it was trading in the 450s, predicting it would cross 1000+. The stock began its journey at the channel bottom and has now completed it at the channel top, recently surpassing 1000 and hitting a high of 1177. This marks the completion of a classic 5-wave impulsive sequence. Currently, the stock has retraced by 6.73%, trading at 1073. What a journey from bottom to top! This classic 5-wave pattern for Auropharma suggests a potential retracement could be next.
18th Nov 2023
27th Feb 2023
From
WaveTalks
Market Whispers! - Can you hear them?
Nifty 50: READY FOR Correction/ Crash!Attached: Nifty 50 Daily Chart as of 7th July 2023
Price has closed below PDL marking the End of the 5 wave rise that makes up either the 3rd Wave or the C Wave
In both case, whether it is there 3rd or the C Wave, post completion of a 5 wave impulse be it whatever degree of the wave, there has to be a Retracement at the very least
Price has 2 downsides going as per the Retracement:
Target 1= 19200 (Gap Area)
Target 2= 19030 (Super Trend Support)
On further break below 18975, the Downside can accelerate to fill the 3rd Gap @ 18815
Last Line of Support is 18640....
