Aurobindo Pharma Wave analysis
WAVE 1 - Bullish Wave - 395 to 483 = 88
WAVE 2 - Corrective wave - 483 to 444 = 39
WAVE 3 - Bullish wave - 444 to 564 = 120
WAVE 4 - Corrective wave expected from here - 120 X 0.33 = 39.6 which is 564 minus 39.6 = 524 Target
At resistance now
Daily RSI : 85 Over bought
Purely technical
for shorters with stop loss at 570 short for target 524.
for long , Buy at 530 - 536 levels.
Nonetheless script is good for long-term
WAVE 1 - Bullish Wave - 395 to 483 = 88
WAVE 2 - Corrective wave - 483 to 444 = 39
WAVE 3 - Bullish wave - 444 to 564 = 120
WAVE 4 - Corrective wave expected from here - 120 X 0.33 = 39.6 which is 564 minus 39.6 = 524 Target
At resistance now
Daily RSI : 85 Over bought
Purely technical
for shorters with stop loss at 570 short for target 524.
for long , Buy at 530 - 536 levels.
Nonetheless script is good for long-term
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.