ROSSARI LONG
The Elliott Wave analysis indicates that the stock has finished waves (i) and is nearing the end of waves (ii), which are shown by blue numbers on the daily chart.
Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red.
Wave c of wave (ii) is unfolding, and it is a buying opportunity on the downturn (dip).
The chart indicates that Wave c will end near the channel support.
Wave (3) will begin following the completion of wave (ii).
Wave (3) is expected to have around five subdivisions, which are highlighted in red.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 536.35 has been identified as the starting point for wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards, VJ.
Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red.
Wave c of wave (ii) is unfolding, and it is a buying opportunity on the downturn (dip).
The chart indicates that Wave c will end near the channel support.
Wave (3) will begin following the completion of wave (ii).
Wave (3) is expected to have around five subdivisions, which are highlighted in red.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 536.35 has been identified as the starting point for wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards, VJ.
تم فتح الصفقة
Price is near Buying Box.Possible confirmation with the divergence as shown below.
Price making lower low and RSI making higher high. it shows possible reversal.
تم فتح الصفقة
Level 1 reachedتم فتح الصفقة
Journey started for Level 2تم فتح الصفقة
Level 2 achievedتم فتح الصفقة
Going towards level 3.تم فتح الصفقة
Level 3 achieved
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