Wave Report – NSE IOC & HINDUNILVR

NSE IOC – Wave 5 Rally Could Surprise Bears Soon

NSE IOC has constructed an impulsive formation that has broken through the resistance level of 179.02 of wave B. The breakout has increased above the average volume, indicating the strength is expected, but not as strong as wave (3).

If the price sustains above 179.02, Traders can long for the following targets: 183 – 186.6 – 188.80+.

We will update further information for premium members soon.

HINDUNILVR Setting Up for a Comeback

This is a monthly outlook for HINDUNILVR traders. The correction has been going on for almost five years. In the volume section, it’s almost below the average volume line. Wave X completed at 2988, and wave B of wave Y completed at 2705.

We are at the wave C of wave Y of the 4th wave. At this point, wave Y has travelled the distance of wave W, so wave W = Y at 2288. A breakout above the (A)–(B)–(C) channel signals that the correction has likely ended.

Alternative Count:

This alternative chart shows Wave Y forming a triangle, which is another possible scenario.

We will update further information for premium members soon.