Elliot wave analysis of Amara Raja Batteries - the next move
Om Namah Shivay
Brothers, Now analysing Amara Raja batteries. The correction wave B looks reached. Also it is at the top of the Weekly trend line.
Looks it could go side ways and come down.
The Wedge structure is interesting. It does not look this will become a parallel line move. Because for parallel line move, it has to go up much now. If it goes up much, then a new EW structure to be made. And this current structure will become invalid.
This is just an analysis, There is no trading advice or outcome.
Om Namah Shivay
Brothers, Now analysing Amara Raja batteries. The correction wave B looks reached. Also it is at the top of the Weekly trend line.
Looks it could go side ways and come down.
The Wedge structure is interesting. It does not look this will become a parallel line move. Because for parallel line move, it has to go up much now. If it goes up much, then a new EW structure to be made. And this current structure will become invalid.
This is just an analysis, There is no trading advice or outcome.
Om Namah Shivay
Commento:
The analysis is completely wrong
