Hindustan Unilever ready to Fly !!
Updated
Hindustan unilever showing bullish signs as per 1 Day time frame.
CMP: 2510
the stock is bouncing back from the demand zone and successfully broken out from trendline resistance as per daily time frame chart.
its a good time to accumulate the stock once the price closes above 50 day exponential moving average.
Potential Entry price: 2549 on closing basis.
Target 1: 2740
Target 2: 2970
Stoploss: 2415.
Please note that, This is a long term perspective and may need to hold for 3 to 6 months.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
CMP: 2510
the stock is bouncing back from the demand zone and successfully broken out from trendline resistance as per daily time frame chart.
its a good time to accumulate the stock once the price closes above 50 day exponential moving average.
Potential Entry price: 2549 on closing basis.
Target 1: 2740
Target 2: 2970
Stoploss: 2415.
Please note that, This is a long term perspective and may need to hold for 3 to 6 months.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Note
recommended a long trade setup in the stock when price was trading at 2510.
currently the stock gave closing at 2569 as per 1 day time frame candle. 59+ points captured till now....
much more to go in this one, just do not forget to use trailing stoploss from here.
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