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mmjimm
Dec 19, 2022 8:03 AM

H&S pattern in HINDUNILVR ???!!!! Short

HINDUSTAN UNILEVERNSE

Description

Chart depicts the situation...

Strong DOJI candle on 9th december(day candle) with volume at perfect resistance level shows some sort of lag in bulls approach, which may leave space for bears to get back to go through a down swing move inside the triangular primary channel.(clearly seen in weekly time frame)

Now, coming to 2hr time frame,
1. Head and Shoulders pattern (right shoulder in progress..)
2. Entry can be after breakdown after the right shoulder.
3. Risky entry can be now....with a SL ON 2HR CANDLE CLOSING ABOVE 2721.
4. Target levels as mentioned in chart.


Let's wait and watch ...how it moves...!!!

Note- just sharing my view....not a tip nor advice!!!

Comment

Going good....stick on to the levels!!!

Trade active

Comment

2hr breakdown again...tmrw chances of volatile move!!!

Trade closed: target reached

still looking bearish!!!

Comment

May take support at the green line shown in chart....2450 level!!!
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