The above analysis is done purely on basis of chart patterns and price action.
The analysis is done on 30 min TF hence target can be achieved in intraday or in a couple of days.
Trade logic with, entry strategy, SL and Target is explained in image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once...
The stock has taken important support at trendline in weekly chart. It can test its 2400 levels. Stoploss should be 2205. ( personal due diligence advised)
HUL- CMP 2184. 20EMA crossed 50EMA just recently and it gained bullish momentum. MACD crossover done on last trading session it entered positive territory which is positive. RSI also crossed resistance zone and shall go up. Can be taken with SL of 2115 for a target of 2220, 2328, 2388, 2495. General momentum presently in FMCG sector also will be another factor...
HUL after good results, looks to be forming a cup and handle at the trend line. Supported by GANN numbers look to be a buy at cmp as a bounce is expected.
hello friends !! #my_view hul will go up as it has sustained over the trendline. Can go for long position till it touches any support or the upper trendline #learner
