Here are some pointers to keep in mind:
- 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...
Dear Traders,
I hope this message finds you well. I am reaching out to provide you with a crucial update regarding our particularly concerning NSE:HINDUNILVR
After thorough analysis and consideration of market trends and stock performance indicators, we have identified an opportune entry point for initiating a Buy position in this stock
The entry level for...
HUL has high chances in getting heavily bullish mode
Buy at 2420
Target 2520
Stop Loss 2370
If nifty is also in bullish mode
Ask for more stock analysis you want
Trade carefully.
Thank you
Saved money is also profit.
Hindustan Unilever has successfully validated a cup and handle pattern and is well on its way to 3600 levels, which would be the first obvious target.
Stoploss levels would be 2400, although I would personally use ATR or Supertrend or 50DEMA as a trailing stoploss from here on.
That said, please do follow appropriate risk management and position sizing principles.
This stock is trading in a range bound from long time...
facing resistance on top at 2720 levels, and finding support at 2440 levels multiple times.
on bottom side at 2300, we have great demand zone.
look for buy when price comes to these levels.
A drop base drop, may be possible in this stock...wait until price breaks the trendline and wait for retest then look...
