HUL near its long term resistance zone...poor result expected
It's a faily simple idea, shot hindunilvr on the completion of 1hr candle with high as stop and 869 as the first target.
HINDUNILVR is ranging from 2015 and formed good descending triangle and we can notice that there are 3 touches by price on both the trendlines of triangle. Measure of Triangle is about 200 pts , So when we fix targets we can expect around 200pts and this is Medium term trade idea, so this can take time to breakout and trade can progress over few months after we...
Stock seems to have completed bullish bat and fresh longs may be taken here with SL 802!
HUL could be a winner in April. Please refer genesis on the Chart.