Hi friends,
Looking at Hindunilever technical chart .We can see from
the chart ,If finished a small impulse from march 2013 till july 2013
A fast impulse ,And after that its in a long correction slow one,Lets
see the chart.
The correction is
taking the shape of
a squeeze abcde ,We
have finished abc and
right now trading in
d wave which is
expected to finish by
590 -600 we have
tested 590 once
looking for a retest again
Else below 550 its poised to see a new low 530-520 levels in e leg ,Look for shorting
the stock in rises with stoploss above 610.
Regards
Rish
Looking at Hindunilever technical chart .We can see from
the chart ,If finished a small impulse from march 2013 till july 2013
A fast impulse ,And after that its in a long correction slow one,Lets
see the chart.
taking the shape of
a squeeze abcde ,We
have finished abc and
right now trading in
d wave which is
expected to finish by
590 -600 we have
tested 590 once
looking for a retest again
Else below 550 its poised to see a new low 530-520 levels in e leg ,Look for shorting
the stock in rises with stoploss above 610.
Regards
Rish
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