Hindustan Unilever 1D Time Frame Analysis
Current trend:
1)current it in bottom of lower high formation forming the triple bottom .....so high possibility for reversal is possible.
2) No pattern confirmation yet.
support: 2527 followed by 2445
Resistance: level to be watch out for 2650
From this level there are two possibility
1) It can took a support from 0.236 level of Fib and again goes back to uptrend trend parallel channel
2) it can move future down to level of o.386 level of fib and can form the double bottom and can reverse from that
Indicator:
1) RSI: compare to jan4 RSI is little bit higher than that
2) MACD: Still in bearish. Currently no signal for bullishness
1)current it in bottom of lower high formation forming the triple bottom .....so high possibility for reversal is possible.
2) No pattern confirmation yet.
support: 2527 followed by 2445
Resistance: level to be watch out for 2650
From this level there are two possibility
1) It can took a support from 0.236 level of Fib and again goes back to uptrend trend parallel channel
2) it can move future down to level of o.386 level of fib and can form the double bottom and can reverse from that
Indicator:
1) RSI: compare to jan4 RSI is little bit higher than that
2) MACD: Still in bearish. Currently no signal for bullishness
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