NSE: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
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Enrtred. SL very small will put SL on today's low.
Comment
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Trailed SL to last swing. Their is a possibility of hitting SL. 6 consecutive red candles.
Trade active
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Sl Saved by 23 points.
Trade active
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Moving as expected. Lets Go !!!
Comment
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Again near SL
Trade closed: stop reached
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SL hit will enter again at 2440 level. Ofcourse with Partial Quantity.