Sunday, August 12, 2012

HINUDSTAN UNILIVER LTD (INDIA):

MONTHLY CHART

The charts are self explanatory.
Also on daily chart Wolves Wave  formation is visible (chart not posted).  One can initiate shorts once the  price breaches the upper trend line.  TGT as per WW 440 approx.  and 38% retracement of  W3 (red)  comes closer to 391.



WEEKLY CHART


It is time to keep a close watch on the scrip to initiate shorts.

Weekly charts here shows the internal wave structure of W3 in red colour which starts at 218.

Happy trading !
SHEKHAR