Apollo Hospitals possible Elliot wave counts

5 giu 2023

Hello Friends,

Here we had shared possible Elliott wave counts of Apollo Hospitals, in which price has given breakout along with good intensity of volumes in daily time frame, as per Elliott wave structure, chart says that either we are in impulse or in correction, in both scenarios we have to go towards north direction first then whatever may be, as per Elliott wave structure, if we are in impulse then we should have to unfold it as wave (1)-(2)-(3)-(4)-(5) in which we already had completed wave (1) and (2) and currently we are unfolding wave (3), and in other scenario, means if we are in correction phase, then we should have to unfold it as wave (A)-(B)-(C) in which we had completed wave (A) and (B), and currently we are unfolding wave (C), So whatever scenario it may be, at least we are first going towards (3) or (C).

In this study whatever major trend may be ahead, at least we can enjoy this little upward bull run as a wave (C) or wave (3)
Now in wave (C) or (3) we have completed wave 1 and 2 and currently we are unfolding wave 3, also in wave 3 we have completed wave (i) and (ii) and currently we are unfolding wave (iii).

Overall, we are in (iii) of 3 of (C) or (3).

I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Some significant snapshots are shared below, please go throughout.

Thanks
RK💕

Price has given Breakout along with good intensity of volume and RK's Magical cloud suggests same bullish bias in daily


Price above daily upper band


Price above weekly upper band


MACD in daily positive


MACD in weekly positive along with breakout in histogram


RSI positive above 60+ in daily


DMI ADX positive in daily


DMI ADX positive in weekly



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