Harshit_bhadoriya

IS HUL READY TO TAKE OFF ?

Long
NSE:HINDUNILVR   HINDUSTAN UNILEVER
''HISTORY REPEATS ITSELF"- IS THAT THE KEY TO UNDERSTANDING THE FUTURE LIES IN A STUDY OF PAST, OR THAT THE FUTURE IS JUST A REPETITION OF THE PAST !
Let's understand with this candlestick chart, i used 01 day time frame for this technical analysis .
1st- look carefully blue line, which is multi year trendline. and every time price is taking the support of this trendline. this time price again took support at this price level of 2120 and there stock formed bullish Harami patter. which suggest to go long.
2nd- look yellow line , which is 200days EMA . Now took support of 200EMA.
3rd- look red line. which is support line, Drawn with the help of Fibonacci.
*Point 2nd & 3rd providing support line.
4th- Blue box, which is consolidates zone. which is stoping stock price to go down further. If you look Delivery % of this is stock which is very high. A HIGH DELIVERY % SUGGESTS THAT INVESTORS ARE SHOWING INTEREST IN THIS STOCK.
5th - Green line which is all three possible target.

*ALL TRADES ONLY FOR LEARNING PURPOSE*

CASH POSITIONAL TRADE
BUY- 2210
STOP- 2180
TARGET@01 - 2300
TARGET@02 - 2400
TARGET@03 - 2500

HUL APR FUT
BUY - 2221
STOP - 2195
TARGET@01 - 2300
TARGET@02 - 2400
TARGET@03 - 2500

KINDLY LEAVE YOUR LIKE AND COMMENTS THIS WILL GIVE ME MOTIVATIONA TO SHARE MORE AND BUILD OUR COMMUNTIY TOGHER.

DISCLAIMER: THIS IS ONLY FOR THE EDUCATIONAL PURPOSE, KINDLY DO YOUR OWN ANALSIS BEFORE INITIATION OF ANY TRADE. NOTHING IN THIS ANALYSIS IS A RECOMMENDATION TO BUY OR SELL STOCKS OR FUTURES OR OPTIONS. CONSULT YOUR FINANCIAL ADVISOR PRIOR TO INVESTING IN STOCK MARKET.

THANK YOU.
HAPPY TRADING.

Comments

It can be a right assumption
Very interesting stock analysis
Keep it up 👍
+3 Reply
@soniabhisheksoni53 Thank you 💯
Reply
Can I hold 2300 ce for March expiry in HUL
+1 Reply
@practicaltrader, if you want, you can hold it, if your position in profit so trail your stoploss, nd if you want you can square off your position a day before expiry.
Reply
It's good to see new analysts rise.
As we know path of heaven goes through hell, get ready to be there.
Keep working, keep hustling.
+1 Reply
@agrawalram8821 your words means a lot. Thank you 💯
Reply
DEAR TRADERS, IF YOU LIKE THIS ANALYSIS, KINDLY SHARE WITH YOUR TRADES FRIENDS.
THANK YOU.
Reply
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