📅 Date of Analysis: August 4, 2025
📈 Timeframe: Daily (Positional)
🎯 Symbol: HINDUNILVR (NSE)
🔹 1. Current Market Context
Trend Bias:
☑ Bullish (short-term spike visible)
☐ Bearish
☐ Sideways
Current Pattern Status:
☐ Impulse Wave in Progress
☐ Correction in Progress
☑ Possible Wave 1–2–3 starting OR ABC complete and new impulse starting
Higher Timeframe Context:
- LT Direction: Sideways to Bullish
- Major Support: 2,300 – 2,350
- Major Resistance: 2,700 / 2,800
🔹 2. Wave Count Summary (Tentative)
⚙️ Impulse Wave Hypothesis (Post bottom near ₹2,100)
| Wave | Start Level | End Level | Structure | Status |
|---|---|---|---|---|
| Wave 1 | ~₹2,100 (May 2025 low) | ₹2,450 | Normal Impulse | ✅ Confirmed |
| Wave 2 | ₹2,450 | ₹2,330 | Zigzag | ✅ Complete |
| Wave 3 | ₹2,330 | ₹2,700+ | Possibly Extended | ⏳ Ongoing |
| Wave 4 | ⏳ Yet to develop | – | – | – |
| Wave 5 | ⏳ Target near ₹2,800–2,900 zone | – | Expected | – |
🔹 3. Fibonacci Zones
| Leg | Fib Ratio | Level | Confluence |
|---|---|---|---|
| Wave 2 Retrace | 50–61.8% | ₹2,330 (from ₹2,450) | ✅ Matches support zone |
| Wave 3 Target | 161.8% of Wave 1 | ~₹2,700–2,750 | ✅ In progress |
| Wave 4 Retrace | 23.6–38.2% | TBD (on completion of Wave 3) | – |
| Wave 5 Target | 61.8–100% of 0–3 | ₹2,800–2,950 | Expected zone |
🔹 4. Trade Plan (If Acting on Wave 3)
| Setup | Entry | SL | Target | R:R |
|---|---|---|---|---|
| Long on Wave 2 End | ₹2,330–2,350 | ₹2,290 | ₹2,700+ | ~1:3 |
| Long on Wave 4 End (future setup) | TBD | TBD | ₹2,800–2,950 | TBD |
🔹 5. Alerts & Invalidations
- Invalidation: If price drops below ₹2,330 again, current Wave 3 count is invalid.
- Alternate Count: ABC correction might still be ongoing if price dips below support.
- Shift Trigger: Break below ₹2,290 with strong volume.
🔹 6. Chart Attachment
✅ Chart – visual confirmation of possible Wave 3 surge breakout as of August 4.
🔹 7. Sentiment & External Correlation
- Market Sentiment: ☐ Neutral → turning Bullish
- Correlation with Nifty: Positive
- Volatility: ☐ Moderate to High (volume spike noted)