Hindustan Unilever: Price Drifting Lower
In the hourly chart presented here, price is clearly making a series of lower highs and lower lows. The important resistance levels are highlighted via the red lines in the chart.
In the daily time frame, price is stuck in a trading range and I would expect a slide to the lower end of the range at 770-ish. Just for the sake of understanding price behavior, watch this stock and pay attention to how price behaves at the red lines. These lines will offer trading opportunities one-way or the other.
In the daily time frame, price is stuck in a trading range and I would expect a slide to the lower end of the range at 770-ish. Just for the sake of understanding price behavior, watch this stock and pay attention to how price behaves at the red lines. These lines will offer trading opportunities one-way or the other.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.