HUBC - Hourly Analysis - 06-10-2023

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave structure: Corrective pullback.

Expectations:  We have witnessed a new high and our target is met. The recent drop is making things complex here. But a structure composed of three waves may be expected in this upcoming pullback.
 Kindly refer to the weekly time frame for alternative view count.
Note: Since we have met our target (Total Profit 26+18= 44 Rs ), we are removing this stock from Hot Pick for now.

Recommendation:  4: Set targets at 90 positively.
3: New Long positions may be considered around 74 to 72 with stops below 63. Keep the targets open for now.
2: Take the profit at 80 (Around PKR 15 ).  OR  Wait for the pullback to ride again.
1: Long positions may be considered around 64.5 -63.5 with stops below 57.5. Keep ope target, we will communicate with the passage of time.

---

Previously:

Previously:

Previously :