HUL go Long. Analysis mentioned in Chart
- Trend is Still Bullish as RSI not yet oversold
- RSI hit overbought few days back and currently stock undergoing a pullback
- Price around 65 Day EMA & close to VWAP. Let it get above VWAP & 65 EMA to initiate a Long
- Accumulation can be observed on the 5 min charts and the last few candles in the 30 min chart as shown above
- Bears will be in control only if 2313 breaks on the downside
For more clarity, feel free to ask Qs
- RSI hit overbought few days back and currently stock undergoing a pullback
- Price around 65 Day EMA & close to VWAP. Let it get above VWAP & 65 EMA to initiate a Long
- Accumulation can be observed on the 5 min charts and the last few candles in the 30 min chart as shown above
- Bears will be in control only if 2313 breaks on the downside
For more clarity, feel free to ask Qs
Trade closed: stop reached:
Pretty late to Update this but since it was my first Idea on TV. I'm back to close this Idea. As the very next day of publishing it the rising TL broke & Stop Loss hit.