bhagat109

A perfect setup for swing trade.

Long
NSE:HINDUNILVR   HINDUSTAN UNILEVER
1) Taking support @ 200 EMA
2) Morning star doji after a down trend .
3) Bounced from horizontal support from which it broke out earlier on 7 DEC.
4) @ the lower end of the new channel it has formed.
5) RSI at oversold region

Target - 2445 (9%)
SL- Low of the doji
Comment: Morning star confirmed by the green candle on 5th
Comment: A big red candle...no worries.. our SL is below the doji.
Trade closed: stop reached
Comment: Stock seems to take support at the lower border of the middle channel. Re-entry possible at these levels.