UNITED SPIRITS LTDShort
UNITDSPR - United Spirits - 4th wave In Progress?
Updated
CMP: 1516
TF: Daily and 75 Minutes
from the Swing low of 712, it appears that the script has completed 3 waves so far and 4th in play.
On Shorter TF, it looks like A and B are done.. C is in progress. If this plays out, the fall will be quick and strong.. on watchlist for the next couple of weeks (Dec 9 to 25)
There is also a case for Inv H&S formation.. Something the people with Bullish view can keep an eye on..
For my short bias, the SL is 1561
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
TF: Daily and 75 Minutes
from the Swing low of 712, it appears that the script has completed 3 waves so far and 4th in play.
On Shorter TF, it looks like A and B are done.. C is in progress. If this plays out, the fall will be quick and strong.. on watchlist for the next couple of weeks (Dec 9 to 25)
There is also a case for Inv H&S formation.. Something the people with Bullish view can keep an eye on..
For my short bias, the SL is 1561
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Trade closed: stop reached
Price closed about 1561 and Hit my SL.. 
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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