HUL is trading in a triangular channel and awaiting breakout.
Breakout on upper side will take it to previous 52 week high and then 3000 and 3250 are next target.
Stop Loss will be Low of the breakout candle once it happens.
Not a buy recommendation unless breakout occurs and closes above the triangular channel on Monthly charts.
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Very strong posiyive moving average crossovers forming on chart. Other than channel breakout. Keep watch
Trade active
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Small but confirmed breakout on monthly charts. Stop-loss now low of monthly confirmed charts on closing basis.
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Next target in case of no reversal. T1 - previous 52 week high T2 - 3000 T3 - 3195 Stop loss on closing basis - low of Dec 24 breakout candle on monthly charts
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Do not sell .... strong charts forming on daily and weekly basis
is there still possibilities of breakout ? selling is getting stronger!
Sandeepk31
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@BreakingBadly, all stocks have ups and down...that's how they move.... still strong on charts ....moving average crossovers in progress....another thing to watch is HUL and dealers spat ongoing as it has potential for negative or positive trends