IT Index, the original leader of the rally from Mar'20, now seems to be exhausted / giving up.
With a Hanging Man on Quarterly, it now seems to be breaking out of the rising regression channel post Tweezer Top candles on Monthly charts.
More from Piyush Chaudhry
When everyone got tired, Lever woke up!
New All Time High.
#HINDUNILVR
EW
as per relative strength
New All Time High.
#HINDUNILVR
EW
Long Term Chart of the Month. #HINDUNILVR
— Piyush Chaudhry (@piyushchaudhry) December 9, 2020
Sometime in the next decade I see a fair possibility of stock reaching 7000 odd.
Invalidation below Blue Trendline. #ElliottWave pic.twitter.com/uxQrzt1mbj
as per relative strength
One question that I often get is which of the two: #HINDUNILVR or #ITC would be a better Investment bet. While their individual charts are clear themselves, another approach is ratio chart. IMHO Lever should outperform ITC for several years going forward.https://t.co/3AFqm6FJ1Q pic.twitter.com/rLuIm8xyVw
— Piyush Chaudhry (@piyushchaudhry) December 30, 2020