HINDUNILVR trade ideas
Is HUL gonna give next breakout? Here is the past trend and breakout of India's evergreen FMCG Hindustan Unilever. If we compare year on year financials it shows almost 15-20% growth in revenues as well in Net profits. But it's still hanging around below expected levels as compare to growth card and potential surge in market demands after pandemic.
Maybe it's time for banking and other industries. But it looks like by end of 3rd quarter HUL surely gonna cross resistance shown in chart.
HINDUNILVR LOOK OUT FOR THESE LEVELS!!! HINDUNILVR
CONDITION 1
Buy above 2129
IMPORTANT LEVEL: 2134 TO 2140
- If the price able to break this level with volume and convection add more quantity. Target: 2150/2160
- If the price is not able to break the level, you can sell the stock target 2120/2110
CONDITION 2
Sell below 2116
IMPORTANT LEVEL: 2110 TO 2100
- If the price able to break this level with volume and convection add more quantity. Target: 2089/2079
- If the price is not able to break the level, you can buy the stock target 2125/2135
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Go long if the resistance breaks on the closing basisHINDUNILVR Watchout on Black Line on Closing Basis for any opportunity to go long. Targets being the Red Trendline which is acting as a resistance if it breaks on a closing basis the Watch out for the green lines.
Reasons:
1. Resistance Zone Breakout
2. Fibo Supporting the move
HINDUNILVR - HINDUSTAN UNILEVERLET IT HOLD THE 2055 AND IF IT DOES THEN 2075 AND 2103 MAYBE
ELSE IT MIGHT BE DOWN TO 2020 AND 2002
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I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
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1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
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5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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