Cipla Ltd

Cipla - Elliott wave analysis - ABC as (X) wave in progress

45
It has completed impulse at last orthodox top and dropped in ABC zigzag down. So the next move would a choppy bounce of (X) wave in complex correction cycle. Wait for A wave bounce to confirm the start of (X) wave for reference. When (X) wave will finish, it start dropping down again in (Y) wave.

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.