Most traders love chasing green candles. Professionals study pullbacks — because they reveal who’s really in control.
🔎 What the Chart Shows (HUL)
Strong run-up July–Aug → clear trend.
Recent pullback into 2600 zone.
20 & 50 MA curling sideways → buyers losing some steam.
200 MA still rising → long-term trend intact.
✅ How to Use This
Weak pullback (low volume, shallow retrace): Often resumes trend.
Strong pullback (heavy selling, breaks 50MA): Trend shift risk.
Here → buyers defending near ₹2,590–2,600. A bounce above ₹2,642 could confirm strength.
👉 Lesson: Don’t fear pullbacks — read them. They tell you if trend is resting or reversing.
💡 Save this chart. Follow for daily technical education with trader psychology.
🔎 What the Chart Shows (HUL)
Strong run-up July–Aug → clear trend.
Recent pullback into 2600 zone.
20 & 50 MA curling sideways → buyers losing some steam.
200 MA still rising → long-term trend intact.
✅ How to Use This
Weak pullback (low volume, shallow retrace): Often resumes trend.
Strong pullback (heavy selling, breaks 50MA): Trend shift risk.
Here → buyers defending near ₹2,590–2,600. A bounce above ₹2,642 could confirm strength.
👉 Lesson: Don’t fear pullbacks — read them. They tell you if trend is resting or reversing.
💡 Save this chart. Follow for daily technical education with trader psychology.
Started like everyone else — chasing trends, ignoring risk.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
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.
Started like everyone else — chasing trends, ignoring risk.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
Learned the hard way that survival beats prediction.
Now I share structured equity views and hedged options plays using Renko and macro context — built for consistency, not dopamine.
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.