- One year-long consolidation. - Clearly defined support and resistance. - 6 Week consolidation at the resistance zone makes the resistance weak - Recent breakout was prevented with a long upper wick. A.K.A Sellers present. - Margin of Safety is a mere 6% ( CMP vs ATH) - There is no clear winner yet as the signals are mixed. - A break of the consolidation range may lead to zone-to-zone momentum
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Is Hindunilver gunning for Zone to Zone momentum? 2500 will be a factor.
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We have reached the 2500 mark.
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Strong Bullish Engulfing at 2500!
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As mentioned in the Analysis "A break of the consolidation range may lead to zone-to-zone momentum". 2500 was definitely a factor but it failed to hold. The zone-to-zone momentum is done.
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Looks like HUL needs to break first before it can rise again.
Dear, i am stuck since a very long time and in this stock. Do you feel , that now the price will start its uptrend? Plz share your insights. Regards Brijesh Trivedi
TheChartereds
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@bp3vedi, Hey Brijesh. Here are my thoughts / Opinions: 1. HUL is a blue-chip established company with a market cap of around 5,50,000 Crore at the CMP. 2. Growth at this stage usually plateaus out. 3. Such companies are good if you need decent returns with decent dividends. 4. The best way to invest in such companies is at value zones 5. Technically speaking, We may see a bounce from here. Although, the market sentiments will decide if the bounce is immediate or after a short drawdown/consolidation. 6. If it helped, Do consider following us as an appreciation for the efforts :)
Again, These are just my opinions and not advice :)
bp3vedi
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@TheChartereds, thank you for your support. Investor in HUL since 3 years. Doing SIPwith 1-2 shares. Now reached 180+quantity.