LICHFL - 5th wave to hit Rs 580 target

Weekly charts are showing that 5th wave is going strong. Once 485 resistance is broken, we can see 550 in June series and eventually 588 on the cards. An extended wave could well hit Rs 850.

Education purposes only. Just studying EWP, please correct / add your comments / opinion.

Note

There is a mini 5 wave pattern on hourly / daily charts within the 5th wave on weekly charts.

Note

Strong breakout seen. Target 1 possible on Monday / Tuesday.

MANNRK75

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