InvestyourAsset

Hindustan Unilever ready to Fly !!

Long
InvestyourAsset Updated   
NSE:HINDUNILVR   HINDUSTAN UNILEVER
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.


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#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.
Comment:


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.