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.


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