As per my analysis best entry level of NSE:HINDPETRO is 198.
Take stop loss on 188 and hold positionally till targets of 209 & 219.
Note: This is my personal analysis, only for learning.
Thanks.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Hindustaan unilever wait for trend line break after that can go for short 50points and 100 points
Not recommend to buy and sell analysis before take and trade in this.
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)
Elliott Wave footstep for Hindustan Unilever:
If we look the Price is under the 5 impulsive wave with confirmation of 0.382 fib level at 4 the wave, If it Drops Continuously we can see price 1900 : 1850: 1750 as Well
Alert: Those who can hold Their position and likely to think for long.
Thanks
Elliott Wave Pattern Completed , Double Corrective Flat Followed By Zig Zag
Price Retraced 0.5 Of Its Impulse Wave .
Bigger Time Frame Trend Is Upside .
If Price Respect 2088 Level That Is 0.618 Fib Then It Will Give Big Upside Movement .
Last High Can Also Break .
Find A Bullish Setup Around Demand Zone (Marked Green)
Or Near 2088 Level .
Happy Learning .
Hindustan Unilever #HINDUNILVR Indian Stock buy setup at weekly demand level around 924.
Very strong departure. Previous weekly demand at 771 played out nicely
HINDUNILVR is ranging from 2015 and formed good descending triangle and we can notice that there are 3 touches by price on both the trendlines of triangle.
Measure of Triangle is about 200 pts , So when we fix targets we can expect around 200pts and this is Medium term trade idea, so this can take time to breakout and trade can progress over few months after we...
