A bigger correction round the corner

236
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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.