HINDUNILVR trade ideas
BEARISH HARMONIC PATTERN - HINDUNILVR - LATE ENTRYI was late to publish this idea, took position around 2644 on 19th Aug 2022
Bearish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur on your trades based on my published ideas.
HINDUSTAN UNILEVERHello and Welcome to this analysis
HINDUSTAN UNILEVER the FMCG giant in hourly time frame is forming another ascending and inverted scallop bullish formation.
Ascending & Inverted Scallops have a success ratio of approx 70%. They are found in bullish trends and their formation works wonderfully with Fibonacci ratios as found in this case.
It looks good for 2700 as long as it does not break below 2590.
Good risk reward set up as FMCG stocks appear to be in a strong uptrend.
Good Luck and Happy Investing