Hindustan Unilever has immediate resistance at 2200 marks. If we forecast the chart pattern than we can assume that there will be a Head & Shoulder Top may be formed in coming weeks. Or else If 2200 resistance broken than we can initiate a long position in Hindustan Unilever for the first target of 2300 (Right Shoulder) and Final target around 2500 (Double Top).
Elliot Wave indicate that Corrective Wave C will go down .
Symmetrical Triangle pattern. Wait for the breakout.
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Script Birla Corp Buy/Long/Call Buy @ Rs 512 Stop Loss @ 475 Target @ 645 Note. Before investment take your financial planner advice. I share my views according with my analysis.
Reliance Industries short term negative trend