HUL has been forming a triangle for quiet a while now. The markets have recently been looking weak and HUL currently is at a very crucial zone taking support at multiple support zones as well as on the 200 EMA. Any breakdown from these zones should ideally be followed with a strong price movement. The Risk Reward ratio looks pretty favourable with various EMA consolidating at a zone and there might also be a possibility of seeing a death cross in case the price moves further down. With Nifty forming a Bearish Engulfing Pattern and the US markets witnessing a sell off, which side will you be looking for ?
Red Line- 200 EMA Yellow Line- 50EMA Green Line- 9EMA