Hindustan Unilever : Analysis

HINDUNILVR has been falling for almost a week now and has touched its demand zone.

The possibility of moving up is good. Majorly there are two possibilities form here:

1) Accumulation of buyers at these levels as we have seen previously that sellers are defending highs that are made recently. that means a consolidation at this phase.

2) Moving up as it has moved down a tad bit more than expected. Forming an imbalance in between.

In either case, the market is going to go up the possibility of moving down is very thin now.

PS: Never underestimate market it has a tendency to shock you to a very core, always risk what you can afford to lose follow RR ratio, and Trade with your head in place. No analysis is 100% effective.

PPS: Im into this trade I'l update soon.

Trade active:

Enrtred. SL very small will put SL on today's low.

Comment:

Trailed SL to last swing. Their is a possibility of hitting SL. 6 consecutive red candles.

Trade active:

Sl Saved by 23 points.

Trade active:

Moving as expected. Lets Go !!!

Comment:

Again near SL

Trade closed: stop reached:

SL hit will enter again at 2440 level. Ofcourse with Partial Quantity.