AHCL - Intraday Analysis - 27-10-2023

Sarfaraz Ahmad
Oct 27, 2023

Primary Structure: Bullish Corrective Structure

Primary Trend: Bullish

Current Wave structure: Bullish Impulsive

Expectations: The rise from the low of black wave "D" is significant and can be considered the first wave of the impulse structure as red wave "(i)"followed by a pullback in red wave (ii) that has tested the 78.6% Fibonacci retracement level. The rally is expected to continue.

Recommendation: 3: Set the target at 35.5.
2: Hold the longs.
1: Long positions may be considered from 26.5 to 25.5 with stops below 22.7 for the target at 36.

Previously :