''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.
HUL APR FUT BUY - 2221 STOP - 2195 TARGET@01 - 2300 TARGET@02 - 2400 TARGET@03 - 2500
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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.
@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.
amanshrivastava0111
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great analysis
Anmol_Agrawal
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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.
Harshit_bhadoriya
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@agrawalram8821 your words means a lot. Thank you 💯
Very interesting stock analysis
Keep it up 👍