As per my analysis of Adani Wilmar Limited stock and previous chart history, it is best time to buy this stock and hold for atleast 30 - 45 days
I am sure that this will boost like a rocket and blast all the price levels as mentioned on the chart
the stock has given about 175% approx returns in just 7 months.
it could be possible that, it could hold onto this support, and then start moving, but now its good time to buy. stock has been in a good rally, and i dont see, it will go down, and nullify the rally. i dont see further fall in the stock, and going more lower to its supports.
the stock is just...
AWL completed extended wave 3 from the local wave 3 mentioned in previous post, hopefully the wave 4 end will be the next lc (below 545 ish). If that level breaks then the next accumulation zone is at 560-530. Lets wait and see how it pans out.
Stock completed wave 3 and needs a cool off for next wave. Around 460 on bull case - and 380 on worse Case can be reversal points technically. Since its heavily manipulated it can't work as accurate as possible, but it can give a clear idea to the investors to not panic in these situations.
Prices are approaching support where we could see a bounce from our buy entry. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
Wilmar resumed its uptrend LT in July 2019.
Multiple buy signals MT and ST were issued on 270720 and 250920 @$4.41-$4.46
PIVOT : $4.54
Buy at the break and hold above $4.54
Target ATH of $7.29
Stop Loss $4.36
A break of $4.36 will negate the ST buy signal and test $4.04
Price is testing our resistance in line with our 61.8% extension and 78.6% retracement where we could see a reversal below this level to our take profit target.
Hey everyone, here's the analysis on Wilmar, if you found this insightful, please like and leave a comment on ideas you would like to see next!
Summary:
As illustrated by the yellow dotted lines, I am expecting a drop in current price to zone 2 at the 3.22 area highlighted in green, before moving higher to our resistance zone between 3.73 - 3.81.
Action:
Buy...
