HINDUNILVR Has executed sub-wave 3 of wave motive wave (C) at 2531. Presently, the price is occurring sub-wave 4 of wave (C). Wave (C) can occur at 2611.75, where wave (A) = wave (C).
The range of sub-wave 4 is between 2525 – 2444, and we can expect trading moves after a crack of this range. If the price breaks 2525, traders can buy for sub-wave 5 with the following targets: 2535 – 2576 – 2609. As mentioned earlier, wave C can occur at 2611.75 where wave (A) = wave (B).
After the accomplishment of wave (C), the price will fall to correct the current move. If the HINDUNILVR starts to crumple after reaching 2611.75, traders should wait for the breakdown of 2525, and they can sell below 2525 for the following targets: 2501 – 2450 – 2370. Note that sellers will control the momentum below 2444.
I will update further information soon for premium subscribers only.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Always good to see ideas on Elliott waves. Keep it up
similar outlook. thank you for the updates
You’re the GEM, providing us real WIN-WIN situation, So proud to be following you, You’re the HERO.
Excellent analysis!. You are one of the best analysts and give blunt analysis with neither fear nor favor.