30 Sep 2019 ● 12:44 PM
Biocon has been on the Value Wave list since 2013. And if at anytime the fractal was not clear see how the 3rd wave now fits the Elliott Wave channel. Waves 1-2-3-4 are all touchpoints inside it and so the recent low at the lower end is wave 4 near 211. Ideall wave 5 up should start from the lower end to the upper end of the channel. This coincides with 5=1 near 580. Wave 3 was extended so usually we expect wave 5 to not extend and be equal to wave 1.