Jay_shree

Footmark of HINDUNILVR with (Speculative, Waves, Channel etc)...

NSE:HINDUNILVR   HINDUSTAN UNILEVER
  • Buying in pull-back 2001 nearby.
  • Put the alert in your trade-terminal.
  • Expected more than 200 points move in next.

------------------------WEEKLY--------------------------------
Last week has reversal pin-bar and next week expected move 222 point
from 7-Days AT from the closing.
The price follows to lower bound & upper bound of Parallel Channel .

Bullish sign!

------------------------DAILY--------------------------------
Start looking from left to right, Impulsive & Corrective Waves.
Impulse legs in 1 to 5 and Correct legs has A,B and C waves. Presently, we are going up wave.

Comments

A genuine like from my side! Finally some commentary on indian stocks having relevance to me, with your trade recommendation. Thanks!

Just that, i believe given the momentum and the speed of Unidirectional correction, the impulse will not give you a chance to enter at 2000, it will have a stronger upmove to 2150-2200 area before doing the 1/2/3/4/5... So if any want to play this upmove better to enter 50% now and if you get the 1/2 wave then enter again with confidence..

Any easy targets?? 2200 is your easy target from 2000 base - what if it touches the 2150-2175 area on monday and 2200 before moving down.. how do you suggest playing some scenarios here?
+21 Reply
I am just a beginner I have noticed a bullish englufing candle in hourly chart so is it wrong to expect upward move?? According to me it will retrace from 2140.
+11 Reply
Jay_shree samarth1802
@samarth1802, I love to follow plan and numbers.
Reply
@Jay_shree , thanks for the detailed analysis. As a newbie, my doubt is 'What makes you think it will retrace to 200x levels for best buy prices? I am not questioning on the idea of a retracement, but there can be chances that it would take support from around the 200 day EMA at 2040-2050 or from weekly 50 EMA at 2020-2030 zones. Also the last three days seems like forming a morning star pattern although its not adhering to text book definitions. But it's bullish.

If we consider a downside market Monday, and HUL momentum getting weak because of that (don't know how, why! :-)) we can expect a retracement, but otherwise what's the logic behind waiting for a 200x entry level on pull back?
PS: I am a total newbie.
+4 Reply
Jay_shree sreesiv
@sreesiv, You are right about 200 MA or EMA, Investors are stilling following moving average. Let's see how stock react on Monday in first hrs of secession.
Reply
Excellent work my friend, I'm on the same page as you, it's just one thing regarding the Waves part. Doesn't the Elliot Waves Theory state that the Wave 4 shouldn't enter Wave 1? Although it's by a super small margin. Though I agree with the rest and the overall direction and probable future outcome. Great analysis my friend!
+3 Reply
Jay_shree PrathamChhabriaa
@PrathamChhabriaa, Thanks for suggestion and comment, but i am not purely Elliott Wave follower.
Reply
@Jay_shree, Fantastic analysis though overall.
Reply
nice work.much hard work involved. I would like to point out only that wave 4 should not penetrate to the area of wave 1 (in some special cases it is allowed).this violates Elliot wave principle.In the last impulse wave it has happened.slight modification expected.
+3 Reply
rocky83 bijoy2526
@bijoy2526, Good observation.
Reply
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