Possible Elliot Wave Count - AuroPharma
AuroPharma is in a long term bull market of which we could be in wave 5 of a larger wave 3. It is highly likely that we finished the wave 4 of 3 at 503 and resumed the uptrend. The move 503-806 looks impulsive but it is also possible that it could be wave B rather than the wave 1 but that will be my secondary count. My primary count suggests we have completed wave 1 and we are in wave 2 of the new impulse which started from 503.For long term investors it will be worthwhile to add some portion of your capital towards AuroPharma around 665-640 area. AuroPharma has to move above 895 to complete any long term wave pattern as the structure at the top is that of an ir-regular correction. Minimum target on the upside could be 940 but it could extend all the way up to 1200 or more.
Good Luck!!!
Good Luck!!!
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