HINDUNILVR

Updated
HINDUNILVR - POSITIONAL

AS PER THE TRENDLINE CHANNEL, IT IS AT A VERY STRONG SUPPORT AREA.
A BREAK ON THE UPSIDE ABOVE 2240 WITH VOLUMES WILL BRING FURTHER BUYING.
INITIATE LONG POSITIONS ONLY AFTER A BREAK 2240 LEVELS WITH VOLUMES ON CLOSING BASIS.


AREAS OF SUPPORT - 2200/2180
AREAS OF RESISTANCE - 2280/2310/2350
Trade active
HINDUNILVR LOOKS VERY STRONG FOR AN UPMOVE

one can initiate longs by buying HINDUNLVR AUG 2220CE - @55-60
STOPLOSS - 45
TARGETS - 70/75/80/85/90/100/110
Trade active
11.08.2020
TRADE INITIATED ----
HINDUNLVR 2220CE AUG BUY 55 (2LOTS)
STOPLOSS - 45
TARGETS - 70/75/80/85/90/100/110

MODIFIED SL TO RS 40
AND AVERAGED THE PRICES TODAY BY BUYING 2220CE 45 (2LOTS)
AS THE CONSUMPTION SECTOR WAS IN GREEN FROM MORNING, SO MODIFIED SL AND HELD ONTO MY POSITIONS AND AVERAGING THEM OUT

CURRENTLY HOLDING 2220CE (4LOTS) AVG PRICE - RS 50
SL 40
TARGETS - 70/80/90/100/ 100++


AS PER THE BREAKOUT IS OF THE VIEW IN CASH --
INTIATE LONG POSITIONS IN CASH SEGMENTS ONLY WHEN LEVELS OF 2235-2240 LEVELS ARE BROKEN & SUSTAINED ON CLOSING BASIS WITH GOOD VOLUMES
Trade closed: stop reached
EXITED THE STOCK AS SL WAS HIT.
MARKET FACED HUGE SELLING PRESSURE DURING THE WAY WHICH WAS UPSATED ON MY TELEGRAM CHANNEL BEOFRE THE SELLING GOT TRIGGERED. SO EXITED
LOSS - 12,000/-
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