Elliot wave Analysis # Bullish Sequence Buy on Dips Sector: Non-Energy Minerals
Industry: Other Metals/Minerals
Hindalco Industries Ltd. engages in the production and marketing of aluminum and copper products.
Technical View:
Nice Buying opportunity will be seen for Hindalco @ 182.50 to 185 odd levels, with the Invalidation of 172.50, and Target of 225 to 230 odd levels in coming 2/3 months horizon. Overall its a Positional call ( Holding 1 to 90 days)
The price should retrace (correct) at least 38.2 to 50% from CMP to 182.50 level.
Disclaimer: I am NOT a SEBI registered advisory firm nor a financial advisor.
Any of my investment or trades I share on my Channel are provided for educational purposes only and do not constitute specific financial, trading or investment advice.
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Elliot Wave(30min TF) for BANKNIFTY & Throw-Over!?On the 5th, I'm expecting Throw-Over for this parallel channeling. By utilizing the 2-wave and 4-wave to determine the wave 5th connected parallel channel but herein, I suppose to break the upper band of the channel causing taking a table of U.S. election by the Biden expecting.
In essence, after the completion of the 5th wave, we are going to correct A, B, C. For the correction, The "Control Price " can attract the price.
=> Why did the price make higher & higher technical reasons ?