AUROPHARMA Elliott wave analysis and short term and long term VU

26 giu

AUROPHARMA is already in Elliot wave cycle 3 which is supposed to be the strongest and within this it seems has completed wave 1 and 2, if this gets confirmed and see up move from here then wave 3 of wave 3 is supposed to be longest and strongest. Above 1292 the stock is going to give big targets close to 1700 and even higher post that.

For short term the stock has completed a correction phase in the form of ABC so from here a bounce on upside can be seen tomorrow, today's day low (1190) is the stop loss for this theory to work.


* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.

26 giu

Ordine annullato

this call cancelled from Long term perspective, short term it can give 10-30 points up move from here but eventually it will come down, correction phase is still not over so it will be coming down further eventually till another fortnight or so. I think 1150-1160 can be the price range to enter when it will complete the correction...

8 lug

Trade attivo

Seems made a mistake in reading the waves, the earlier prediction was correct that ABC correction phase was over and stock started a new run, from here 1400 and then 1700 can be the targets

10 lug

Nota

1341 touched today, remember we are in 3rd wave which is supposed to be the longest and strongest.

31 lug

Nota

200 points of run once it moved out of the channel drawn in yellow.

7 ago

Nota

Going well as per wave theory.