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Amit_Thakkar_
Jul 6, 2023 9:20 AM

Cup and Handle - Hindustan Unilever Long

HINDUSTAN UNILEVERNSE

Description

Hindustan Unilever has successfully validated a cup and handle pattern and is well on its way to 3600 levels, which would be the first obvious target.
Stoploss levels would be 2400, although I would personally use ATR or Supertrend or 50DEMA as a trailing stoploss from here on.
That said, please do follow appropriate risk management and position sizing principles.

Trade closed: stop reached

Comments
amoltofi
not going up, when it will happen
Amit_Thakkar_
@amoltofi, Look at the updates, it hit my stoploss, I got out. Moreover, this is a large cap stock, also an FMCG stock, which are usually very slow moving. If you want a faster moving stock, try trading in small and midcaps.
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