The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (i),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time.
It is anticipated that wave (v) will have about five subdivisions shown in red colour.
Wave levels shown on chart.
Level of Invalidation
The Wave (i) has been identified as the invalidation level at 482. Because as per wave rules Wave (iv) cannot enter into the price territory of Wave (i). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
The Elliott Wave analysis indicates that the stock has completed waves (i),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time.
It is anticipated that wave (v) will have about five subdivisions shown in red colour.
Wave levels shown on chart.
Level of Invalidation
The Wave (i) has been identified as the invalidation level at 482. Because as per wave rules Wave (iv) cannot enter into the price territory of Wave (i). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
Trade attivo
Level 1 achieved.waiting for Level 2.
Trade attivo
Level 2 achieved.waiting for Level 3.
Trade attivo
Level 3 and 4 achieved.waiting for Level 5.
Trade chiuso: obiettivo raggiunto
Trade Closed Level reached.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.