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UNITY - Hourly Analysis - 14-12-2024

  • Sarfaraz Ahmad

Primary Structure: Bullish Zigzag

Primary Trend: Bullish

Current Wave Structure: Potential Leading Diagonal.

Expectations:  The structure in red wave "(A)" may be considered completed as we can count five overlapping waves in it. A decline in five waves may define the top in place for this leading diagonal. As per the rules, a pullback minimum of three waves may be expected.
NOTE: Our target is met, we have made a profit of around RS.19.5.
 Since our target is met, we are removing the stock from the HOT PICKS.

Recommendation:  3: Take the profit at the current level of 36.5.
2: Hold the Longs
1: Long positions may be considered from 19 to 16 with stops below 11.5. Keep the targets open for now.

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