Hindustan Uniliver forms a cup and handle pattern in one hour chart. Once it crosses 2150, long can be initiated. Bottom of the cup is at 1955. So by definition, price can go up by 195 points.
This is based on pure chart pattern. If there is any adverse news flow or other developments, the pattern may fail. Please do your own analysis before trading.
This is based on pure chart pattern. If there is any adverse news flow or other developments, the pattern may fail. Please do your own analysis before trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.