UPL Fall predicted using Elliott wave.

Elliott wave acts like the GPS of the market and helps to catch reversal even before it starts. Elliott wave is a method that is used to identify price pattern and predict market movements.

We derived a path for UPL in our recent Sutra of Waves (SOW) training held on 22^nd -23^rd February 2025.

UPL Hourly chart: Anticipated as on 22^nd February 2025
UPL Hourly Chart: Happened as on 03^rd March 2025.
UPL is following classic Elliott wave. Wherein, primary wave 3 got completed on the upside near 643 levels. The current fall is in the form of Primary wave 4 which is further subdividing in nature. The internal structure of primary wave 4 opens possibility of a Flat pattern. Wherein, currently wave c is unfolding on the downside.

The current fall was predicted when prices were moving in form of internal wave b(blue) on the upside. We expected wave b to complete at the top and anticipated a fall in the form of wave c and derived target of 600 levels.

Stock moved as expected. We captured a move of nearly 7% in a matter of a week. Prices made a low of 611 levels which is almost near our target of 600.

In n nutshell, Elliott wave helps to derive path ahead and act as a roadmap for traders. For now, a break above 630-640 levels can confirm completion of internal wave c on the downside and the upside reversal can be seen in form of primary wave 5.  

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