HINDUSTAN LEVER
WE'RE IN THE DOWN WAVE 4...

Currently HLL is in the Wave 4 which is correcting upper for the downward Wave 3. 5 Wave down started in late september 06 at 262 level, Wave 3 got truncated at 168 which is the 03/08 low. Currently HLL retraced the 38.2% fibo of the Wave 3 which is at 201, if it holds then it'll give enuf power to kiss the 221 this is the level where i label as the termination for the Wave 4 andthen we'll have a Wave 5 where it can take us the downside. And i target it as 168 level.