HINDUSTAN UNILEVER 120 Mins Chart (log scale) Sideways Corrective Structure NSE:HINDUNILVR
NSE:ICICIPRULI Bullish Sequence last leg in play
A long term down trend line break, A horizontal resistance broken and retested. Stock is moving up in an impulsive wave. one should buy the stock on cmp & look for the tgt of 480/580 zone. Stop loss should be 330.
Nifty Elliott wave update for 12July 2021
1. Retest of trendline break out + fibonacci retracement + Completion of larger wave correction 2. Heading for initial target of 10 k. Can do much higer levels provided the wave is intact(6500K- Weekly closing is maintained)
In my last analysis, I told that unexpectedly wave 4 was completed and wave 5 rally started. But looks like still in wave 4 and forming more complex. Refer the chart for more details.
I have done some inner wave changes in wave (5). Refer the chart for more details.
When ever the so called wave 4 starts behaving like wave 2 and the so called wave 3 is no more than 2.618 of wave 1 then expect wave 5 extension . 1 in 100 will you find wave 5 in wave 3 . Rest is the chart given for serious waivers . Regards
In 1 or 2 days BO (break out) is about to happen. Don't miss the rally. BankNifty can out-perform Nifty. It can be final bull-trend from Mar'20. Lower degree wave count: