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CHCC - Intraday Analysis - 20-02-2025

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend:  Bullish

Current Wave Structure:  Potential Bullish Impulsive.

Expectations:  The consolidation in blue wave "4" looks prolonged and is overlapping suggesting a double three combination. The rise from the low is expected to unfold in five waves. Today's close is above 281 which may open gated for new intraday high.

Recommendation: 2: Hold the longs.
1: Longs may be considered from 255 with stops at 235 for a target at 321.

Previously :