UNITDSPR - United Spirits - 4th wave In Progress?
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.