POSITIOAL LONG VIEW #HINDUNILVR BO RE - TEST LEVLS 2352 BUY HINDUNILVR RANGE 2345 - 2355 STOP LOSS BELOW 2300 CLBS TARGET 2420 2453 2473 2500 2550 +++
Hindustan Unilever HINDUNILVR has formed a cup & handle pattern.
HUL building up momentum. Thanks to lockdown opening up, HUL seems to be gearing up for a big target. Strong volumes around 2525 suggest institutional buying. Long HUL above 2525 with Volume and strength for target of 2690 / 2850. A small SL @ 2470. Great RR ratio. Close above 2525 with volume and strength looks high probability for mentioned target.
Long view on HINDUNILVR SL 2435 TGT 2570
Hi Traders, Previous Structure Break Kindly Avoid GapUp 15 min Chart Make descending triangle pattern so be careful Plan B in comment Box Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives. Thanks & regards Sakthi
HINDUNILVR Following symmetrical Triangle after breakout above 2375 can give good move in upside & will touch 2400 -2450 -2500
HUL has been consolidating for a couple of days now between 2375-2320. Any breakout on either side can give good momentum and profits. Worth keeping in ones watchlist for a possible swing trade.
cup and handle/ head and shoulder possible break out
one can take intraday position at the two line mentioned ,Always make decision at any imp levels so that you can keep minimum stoploss and maximize the gain
Hindunilever Price structure and price action both look good on hourly, daily, and weekly timeframe. Any breakout above the trendline could bring fresh buying in the stock and may take prices towards 2480 - 2500 levels.
Parallel channel. Trade the breakout with good volume.
HINDUNILVR LOOKS GOOD TO ENTER ABOVE 2206 FOR 2250/2300 SL 2120 BELOW POSITIONAL
The above analysis is done purely on basis of chart patterns and price action. The analysis is done on 30 min TF hence target can be achieved in intraday or in a couple of days. Trade logic with, entry strategy, SL and Target is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once...
The stock has taken important support at trendline in weekly chart. It can test its 2400 levels. Stoploss should be 2205. ( personal due diligence advised)
It is a VERY GOOD R:R ratio trade a good reaction created at current price marking bullish nature can extend the rally to upper black line.
HUL- CMP 2184. 20EMA crossed 50EMA just recently and it gained bullish momentum. MACD crossover done on last trading session it entered positive territory which is positive. RSI also crossed resistance zone and shall go up. Can be taken with SL of 2115 for a target of 2220, 2328, 2388, 2495. General momentum presently in FMCG sector also will be another factor...