A new wave up in ADNOC GASADNOC Gas Processing is a natural gas producing company and the largest gas processing complex in Abu Dhabi.
The share of ADNOC GAS went up in an impulse from march 2023 and completed the impulse wave up by august 2023
From Aug. 2023 to Oct 2023 the share corrected 61.8% of the entire rise in the form of an Elliot Wave zig zag(ABC).
The Wave 3 for the stocks seems to have started off and the projected target for the same would be approx.4.15 AED(26% from CMP).
Note*- This post is for educational purpose only
Adnocgaslong
ADNOCGAS Paraobolic ride EnjoySince the inception of this lovely stock its continuing a parabolic move and has recently retested its new channel median support line
Entry at current price or any where close to the support line i.e 3.35
Until this trend is not broken the move can be ridden .
If it goes below 3.20s and forms a new support and retest it then it means this parabolic channel is broken and then we will analyse the movement again.
Best of luck