A bigger correction round the corner

238
Auropharma CMP 1155

Fibs - the retracement cannot go past 38.2% if weakness. Long shadows around the fib confluence zone is telling this is a supply zone.

Elliott - this is the C wave whose minimum tgt is 723

*RSI - See how the price failed even after taking bull support. Its an indication of extreme weakness. Now the oscillator has formed a double top at a role reversal zone, with MA cross happening. Its an alarm bell.

MA - Three MA's together is telling me the stock is about to take a directional call.

Conclusion - all the tools are pointing at weakness. Do not get into bottom fishing.

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