HINDUSTAN UNILEVER LTD.Updated hindunilever - ahead of result
hindunilever
we saw stock bouncing from imp support zone of 1650-1660 post correction (h&s correction )
going forward
stock is in broader range of 1850-1650
on daily tf its in lower high lower low formation
for short side one should wait till 1660 breaks
for long side - i will decide by seeing a small timeframe chart post result early morning reaction - as 200 dma can act as a resistance as index is in strong sell mode.
we saw stock bouncing from imp support zone of 1650-1660 post correction (h&s correction )
going forward
stock is in broader range of 1850-1650
on daily tf its in lower high lower low formation
for short side one should wait till 1660 breaks
for long side - i will decide by seeing a small timeframe chart post result early morning reaction - as 200 dma can act as a resistance as index is in strong sell mode.
Note
long trade
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