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.
Wave (iv) in blue colour is unfolded in three corrective waves (a-b-c) in red colour.
Wave c of wave (iv) in red colour is unfolded in five waves in black circle.
It is anticipated that wave (v) will have about five subdivisions shown in red colour.
Divergence with RSI in 1 hour timeframe;
the price is making a lower low and
the RSI is making a higher high.
Possible Reversal of price.
Wave levels shown on chart.
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.
Wave (iv) in blue colour is unfolded in three corrective waves (a-b-c) in red colour.
Wave c of wave (iv) in red colour is unfolded in five waves in black circle.
It is anticipated that wave (v) will have about five subdivisions shown in red colour.
Divergence with RSI in 1 hour timeframe;
the price is making a lower low and
the RSI is making a higher high.
Possible Reversal of price.
Wave levels shown on chart.
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