Cipla has potentially completed its ABC correction on long term charts and is not set to go higher from here... The correction completed with the channel and Wave A = Wave C and almost at 61.8% Fib levels giving every indication of a reversal from those zones.
One can go long in this stock now with the stoploss just below recent lows around 385 for Targets of...
AUDUSD we can clearly see free fall before and after FED rate cut. In Short term corrective 3 waves is forming on this pair. I am expecting Wave C Starts from 0.6753 target for this wave is 0.6877.
Long Hindunilvr above 1713
Stop-loss Below 1692.50
Target 1795 ( Target Set as 1: 4 RR )
1) Price Stopped at 50% Re. of Previous Swing.
2) ABC Correction - zig zag - Price Stopped at 1.272 Extension of Wave C
3) Inverted Head & Shoulder in Lower Time Frame of...
I have observed Bullish Gartley Pattern on AUROBINDO PHARMA. It look price soon will enter Potential Reversal Zone (PRZ). Here, PRZ is made of 0.786XA, AB=CD and 1.27AB Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.2 for Target-1 and 1:2 for Target-2.
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