Prime Life Insurance Company Limited #PLIC moved sharply higher towards 587 level in exponential fashion, is called motive wave as per Elliott Wave Theory. PLIC got important support at Fibonacci 0.618 in 3 waves. Both Elliott Wave and Fibonacci Retracement suggest that we could see Prime Life Insurance #PLIC trading higher 587 in the days ahead.
As long as Prime Life Insurance Company PLIC trades above 385 bullish structure is in intact.
Investment Idea: Buy on Deep | Target Rs 587 or Above
Invalidation: Rs 385.
Prime Life Insurance Company #PLIC Weekly Elliott Wave Analysis Chart
