Hindustan
Alert HINDUSTAN UNILEVER Short By eW.Elliott Wave footstep for Hindustan Unilever:
If we look the Price is under the 5 impulsive wave with confirmation of 0.382 fib level at 4 the wave, If it Drops Continuously we can see price 1900 : 1850: 1750 as Well
Alert: Those who can hold Their position and likely to think for long.
Thanks
HINDUSTAN UNILEVER , 75 Min Elliott Wave Analysis .Elliott Wave Pattern Completed , Double Corrective Flat Followed By Zig Zag
Price Retraced 0.5 Of Its Impulse Wave .
Bigger Time Frame Trend Is Upside .
If Price Respect 2088 Level That Is 0.618 Fib Then It Will Give Big Upside Movement .
Last High Can Also Break .
Find A Bullish Setup Around Demand Zone (Marked Green)
Or Near 2088 Level .
Happy Learning .
Descending Triangle : HINDUNILVR Weekly - Waiting for BreakoutHINDUNILVR is ranging from 2015 and formed good descending triangle and we can notice that there are 3 touches by price on both the trendlines of triangle.
Measure of Triangle is about 200 pts , So when we fix targets we can expect around 200pts and this is Medium term trade idea, so this can take time to breakout and trade can progress over few months after we enter the trade on breakout direction.
Entry - On the Breakout direction
Stops - Opp. to Breakout Direction or based on ATR
Target - Measure of Triangle's height from breakout candle
Its Trade Idea only, take trades after analysis. Happy Trading !
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