ASHAPURA MINECHEM - NEW IMPULSE - BULLISH
Hi Folks,
Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months.
Elliott Wave Analysis
1. Completed an ongoing impulse with a divergent 3-5 wave.
2. Correction of the impulse seems to be completed wherein RSI cooled off.
3. Outbreak in RSI, price and volume support indicates towards shift of trend.
4. Halt weekly candle or a follow up move shall confirm the upmove for mid term.
5. Larger structure remains bullish.
6. Targets of larger 5 wave are already marked with fic projections.
Disclaimer - Please trade at your own risk, just for educational purposes.
Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months.
Elliott Wave Analysis
1. Completed an ongoing impulse with a divergent 3-5 wave.
2. Correction of the impulse seems to be completed wherein RSI cooled off.
3. Outbreak in RSI, price and volume support indicates towards shift of trend.
4. Halt weekly candle or a follow up move shall confirm the upmove for mid term.
5. Larger structure remains bullish.
6. Targets of larger 5 wave are already marked with fic projections.
Disclaimer - Please trade at your own risk, just for educational purposes.
Сделка активна
Undergoing fast and furious up moves :)
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.