AUROPHARMA - Bullish Breakout with volumeNote: This is for educational purpose only.
There seems to be a bullish breakout with volumes. RSI above 64 indicates bullish momentum.
Auropharma-investment
Paid Attention to rhythm of the wave, AUROPHARMA next move....!!The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel .
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won't expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.
----------One DAY chart----------
A continue move towards up-direction from level 288 to 818.
Main Resistance level is 830
From the current level price will be attracted near 769 price, and continue to follow the price up-to 842.
Paid Attention to rhythm of the wave, AUROPHARMA....!!!!Kinnari + Elliott's wave theory
5 + 3 = Waves
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wav e.
Elliott’s cycle of the 5th Wave is under-construction . 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won't expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.
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