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.
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Always good to see ideas on Elliott waves. Keep it up
similar outlook. thank you for the updates
Completely agree.
Great perspective
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Excellent analysis!. You are one of the best analysts and give blunt analysis with neither fear nor favor.