Hindustan Unilever has been consolidating in the form of an ascending triangle for more than a year.
This consolidation is now finally broken. I'l leave it to you to decide entry for this LONG journey!
Intraday and short-term swing call NSE:HINDALCO
* VALID ONLY - NOT TRIGGERED ENTRY PRICE MORE THEN 2 DAY IGNORE THIS CALL
Entry - LONG
ENTRY PRICE - 198.10
SL - 193.55
T1 - 200.10 (FOR INTRADAY)
T2 - 202.10(FOR SWING 5 TO 10 DAYS)
Marico has been consolidating from a nice and long uptrend for more than a year now.
This consolidation pattern appears to be a symmetrical triangle that is now broken.
Its certainly worth timing your entry for a LONG ride!
Wait for Tail to trade. There're two channels, one is yellow which closed and another channel till final wave remain. A (5) wave projection is plotted on the chart with considering control price and no trade activities area.
I have also used the timeCycle but did not add it here cause of complexity.
Support as Value...