In monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out.
in weekly, we can see that, round bottom is forming and fresh impulse already started here.
https://in.tradingview.com/x/ajoxNhrd/
round bottom pattern tgt https://in.tradingview.com/x/Cu98yAKS/
so with a sl - 54, 1st tgt - 95, 2nd tgt - 151, long term tgt - 500.
Ok well in my last chart we show fall of sunpharma and after that a good rally, rally continues, Last wave from 432.7 till 509.7 may be wave 1 or A. Then correction till 485 as wave 2 or B. We again started a good impulse wave to a new top today, if our counts are correct we will see a correction in coming days. May be tomorrow as we are about to end wave v of 5. ...
It is been observed that the price action is trending up by making higher highs and higher lows. Previously, at high of 77 levels price action consolidates and corrects within a downward trendline and then breakout the trendline and then broke out to a new highs with that impulsive wave. Now it is again breakout from the downward trendline and looking to reach for ...
