Auropharma : Riding the Wave: StockJumps from 397 to 1000

18 nov 2023

October 13, 2020:
Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave)

January 30, 2023:
Noted that Auropharma was close to completing an Ending Diagonal, which eventually ended the fall at the lows of 397.



Ending Diagonal as per New School Analysis or Wedges as per Old School or Traditional Analysis are classical patterns which suggest that the structure is about to end & sooner or later opposite side move will start. This is the reason, why I picked this stock as portfolio stock for 1000+ as the ending diagonal started from the highs of 1065 which was most likely to get retraced 100%.

February 27, 2023:
Published an idea on TradingView suggesting Auropharma was preparing for a rise to 1000 as stock made a low of 397 & started rising.
A classical example of V-Shaped Recovery on Monthly Chart using wave analysis.

November 18, 2023 (Today):
Auropharma achieved the target, touching over 1000+, just a few points shy of the previous high of 1065.

This journey of Auropharma's stock is a real-world example of wave analysis in action and will be featured...story continues

Regards,
WaveTalks